A Letter Of Intent To Buy A Business is a crucial document used in the preliminary stages of business acquisitions in India. It serves as a formal expression of interest from a potential buyer to acquire a business and outlines the key terms of the proposed transaction. While primarily non-binding, it creates a framework for negotiations and typically includes binding provisions regarding confidentiality and exclusivity. The document is governed by Indian law, particularly the Indian Contract Act, 1872, and must consider various regulatory requirements depending on the transaction size and sector. It's commonly used before conducting detailed due diligence and entering into a definitive purchase agreement, helping parties align their expectations and document their preliminary understanding of the deal structure, pricing, and key conditions.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Date and Parties: Names and addresses of both parties - the potential buyer and the seller of the business
2. Subject Line: Clear indication that this is a Letter of Intent regarding the proposed purchase of the specified business
3. Introduction: Brief statement of intent to purchase the business and confirmation of preliminary discussions
4. Transaction Structure: Outline of the proposed transaction structure (asset purchase, share purchase, etc.) and basic terms
5. Purchase Price: Proposed purchase price or price range and payment terms
6. Due Diligence: Timeline and scope of the due diligence process
7. Exclusivity Period: Duration during which the seller cannot negotiate with other potential buyers
8. Confidentiality: Terms regarding the confidential treatment of information exchanged
9. Timeline: Proposed timeline for completing due diligence and executing definitive agreements
10. Binding Provisions: Specification of which provisions are legally binding (typically confidentiality, exclusivity, and governing law)
11. Closing: Signature blocks and formal closing language
1. Financing Contingency: Include when the purchase is contingent on the buyer securing financing
2. Employee Matters: Include when there are specific intentions or concerns regarding existing employees
3. Regulatory Approvals: Include when the transaction requires specific regulatory clearances
4. Break-up Fee: Include when parties want to specify compensation if either party backs out under certain circumstances
5. Asset/Liability Specification: Include when certain assets or liabilities are specifically included or excluded from the proposed transaction
6. Post-Closing Management: Include when there are specific intentions regarding management structure post-acquisition
7. Non-Compete Provisions: Include when preliminary non-compete terms need to be established
1. Preliminary Asset List: High-level list of key assets included in the proposed transaction
2. Initial Price Calculation: Basic breakdown of how the proposed purchase price was determined
3. Due Diligence Checklist: Preliminary list of documents and information required for due diligence
4. Timeline Schedule: Detailed timeline with key milestones and deadlines for the proposed transaction
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Technology
Retail
Healthcare
Financial Services
Real Estate
Professional Services
Hospitality
Construction
Energy
Transportation
Education
Agriculture
Media and Entertainment
Telecommunications
Relevant Teams
Legal
Finance
Corporate Development
Mergers & Acquisitions
Strategy
Executive Leadership
Corporate Secretarial
Business Development
Due Diligence
Risk Management
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Managing Director
Business Development Manager
Corporate Lawyer
Investment Banker
Mergers & Acquisitions Director
Legal Counsel
Company Secretary
Finance Director
Strategy Director
Board Member
Commercial Director
Corporate Development Manager
Due Diligence Specialist
Find the exact document you need
Loi (Real Estate)
An Indian real estate Letter of Intent outlining preliminary terms and conditions for property transactions, serving as a framework for negotiations under Indian law.
find out more
Loi In (Construction)
An Indian law-governed Letter of Intent outlining preliminary terms and conditions between project owner and contractor for construction projects, serving as a precursor to the main construction contract.
find out more
LOI Grant Writing
An Indian law-governed Letter of Intent outlining proposed terms for professional grant writing services, setting preliminary commitments between service provider and client.
find out more
LOI For Purchase
An Indian law-governed preliminary document outlining key terms and conditions for a proposed purchase transaction, serving as a framework for negotiations before the final agreement.
find out more
Letter Of Intent Purpose
An Indian law-compliant Letter of Intent outlining preliminary terms and understanding between parties for proposed business transactions or relationships.
find out more
Letter Of Intent Offer Letter
An Indian-law governed preliminary document outlining terms and conditions of employment or business engagement, serving as a formal expression of intent between parties.
find out more
Letter Of Intent In Job Application
A formal expression of interest in employment under Indian jurisdiction, outlining the applicant's qualifications and intent to pursue a specific position.
find out more
Letter Of Intent From Employer To Employee
An Indian employment Letter of Intent outlining preliminary employment terms and conditions, serving as a precursor to the formal employment contract under Indian law.
find out more
Letter Of Intent For Rental Property
An Indian jurisdiction document outlining preliminary terms and conditions for a proposed property rental arrangement, serving as a precursor to a formal lease agreement.
find out more
Letter Of Intent For Property
A preliminary document under Indian law outlining proposed terms for a property transaction, setting the framework for final negotiations and agreement.
find out more
Letter Of Intent For Organization Membership
An Indian-compliant preliminary document expressing an organization's intention to join another organization as a member, outlining basic terms and next steps.
find out more
Letter Of Intent For Monetization
An Indian law-governed preliminary document outlining proposed terms for asset or rights monetization, serving as a framework for final transaction documentation.
find out more
Letter Of Interest For Property
A formal expression of interest to purchase property in India, outlining basic terms and conditions of the potential transaction.
find out more
Letter Of Intent For Lease Space In Mall
A preliminary document under Indian law outlining key terms and conditions for leasing commercial space in a shopping mall.
find out more
Letter Of Intent For Fresh Graduate
An Indian jurisdiction Letter of Intent document outlining preliminary employment terms and conditions for fresh graduates, serving as a precursor to formal employment.
find out more
Letter Of Intent For Bidding Purposes
A formal document under Indian law expressing intent to participate in a tender/bidding process, serving as a preliminary commitment while maintaining legal flexibility.
find out more
Letter Of Intent For Advertising
An Indian-law governed preliminary document outlining proposed terms between advertising parties before forming a final agreement.
find out more
Letter Of Intent Exclusivity
An Indian law-governed preliminary document establishing exclusive negotiation rights and key transaction terms between parties.
find out more
Letter Of Intent (Education)
A preliminary document under Indian law outlining proposed terms for educational partnerships and collaborations, serving as a precursor to formal agreements.
find out more
Intent To Rent Letter
A formal letter used in India to express serious interest in renting a specific property, outlining basic rental terms and tenant credentials.
find out more
Intent To Offer Letter
An Indian law-governed preliminary document expressing a company's intention to make a formal employment offer, subject to conditions.
find out more
Intent To Leave Apartment Letter
A formal notice document used in India by tenants to inform landlords of their intention to vacate a rental property, complying with Indian rental laws and lease terms.
find out more
Easy Short Simple Letter Of Interest
A formal document used in India to express preliminary business interest, governed by Indian contract law, serving as an initial step in business negotiations.
find out more
Letter Of Intent Educational Assistance
An Indian jurisdiction document outlining an organization's commitment to provide educational assistance, specifying terms, conditions, and obligations of all parties involved.
find out more
Letter Of Intent To Join
An Indian jurisdiction preliminary employment document outlining basic terms and conditions before the final employment agreement, typically used to formalize initial employment discussions.
find out more
Letter Of Intent For Updating Documents
An Indian-law governed formal letter declaring intention to update specific documents, outlining the scope and process of proposed document modifications.
find out more
Letter Of Intent For Higher Position
A preliminary document under Indian law outlining the intent to hire for a senior position, including key employment terms and conditions.
find out more
Letter Of Intent For Apartment
A preliminary document used in Indian real estate transactions expressing a buyer's intention to purchase a specific apartment unit, outlining basic terms and conditions of the proposed purchase.
find out more
Letter Of Intent To Purchase Commercial (Real Estate)
A preliminary document under Indian law outlining proposed terms and conditions for commercial property purchase, serving as a framework for negotiation and subsequent formal documentation.
find out more
Letter Of Intent (Finance)
A preliminary document under Indian law outlining proposed terms and conditions for financial transactions, serving as a framework for further negotiations while establishing key financial parameters.
find out more
Letter Of Resignation With Intent To Return
A formal Indian jurisdiction document combining resignation notice with expressed intention to return to the organization in the future.
find out more
Letter Of Intent For Car Loan
A preliminary document issued by Indian financial institutions indicating intent to provide vehicle financing under specified terms and conditions, subject to Indian banking laws.
find out more
Letter Of Interest To Supply Goods
A formal business document used in India to express a supplier's intention and capability to provide specific goods to a potential buyer, serving as an initial step in establishing a supply relationship.
find out more
Letter Of Intent To Join An Organization
An Indian law-compliant preliminary document outlining employment terms and conditions between an organization and a prospective employee before formal employment begins.
find out more
Letter Of Intent For Internal Job Posting
An Indian jurisdiction-compliant formal document indicating intent to transfer or promote an employee to a new internal position, outlining role details and transition terms.
find out more
Letter Of Intent For Business Franchise
A preliminary document under Indian law outlining proposed terms and conditions for a franchise relationship, serving as a precursor to the final franchise agreement.
find out more
Letter Of Intent To Sell Vehicle
An Indian jurisdiction document expressing formal intent to sell a vehicle, outlining key terms and conditions for the proposed transaction.
find out more
Letter Of Intent To Participate In Project
A preliminary commitment document under Indian law expressing intent to participate in a specific project, outlining basic terms and serving as a precursor to formal agreements.
find out more
Letter Of Intent For Offtake Agreement
A preliminary document under Indian law outlining terms for future purchase commitments between parties, serving as a framework for a definitive offtake agreement.
find out more
Non Binding LOI
A preliminary non-binding document under Indian law outlining proposed terms and conditions for potential business transactions, serving as a foundation for further negotiations.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)