The Letter of Intent to Purchase Business is a crucial preliminary document in Malaysian business acquisitions, serving as a stepping stone between initial discussions and the final purchase agreement. It is typically used when a potential buyer has serious interest in acquiring a business and wants to formalize their intent while maintaining flexibility. The document outlines key terms including proposed purchase price, exclusivity period, and due diligence requirements, while establishing confidentiality obligations. Under Malaysian law, particularly the Contracts Act 1950 and Companies Act 2016, most provisions are non-binding except for specifically identified binding elements such as confidentiality and exclusivity clauses. This document helps structure negotiations and provides a clear framework for progressing toward a definitive agreement.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Date and Parties: Identifies the date of the LOI and the full legal names and addresses of both the potential purchaser and the current business owner/seller
2. Background/Introduction: Brief context about the business being purchased and the parties' intention to enter into the transaction
3. Definitions: Key terms used throughout the letter that require specific definition
4. Purchase Intent: Clear statement of the intention to purchase the business and brief description of what is being purchased (assets, shares, etc.)
5. Proposed Purchase Price: Indication of the proposed purchase price or price range, including any price adjustment mechanisms
6. Due Diligence: Overview of the due diligence process, timeline, and requirements for access to information
7. Confidentiality: Terms regarding the confidential treatment of information exchanged during negotiations
8. Exclusivity: Period during which the seller agrees not to negotiate with other potential buyers
9. Timeline: Proposed timeline for due diligence, negotiation, and completion of the transaction
10. Non-Binding Nature: Clear statement of which provisions are non-binding (except typically confidentiality and exclusivity)
11. Governing Law: Specification that Malaysian law governs the LOI
12. Signature: Execution blocks for all parties
1. Deposit Terms: Include when a good faith deposit is required as part of the transaction
2. Financing Contingency: Include when the purchase is contingent on the buyer securing specific financing
3. Employee Matters: Include when there are specific intentions or requirements regarding existing employees
4. Real Estate: Include when the business purchase includes real estate assets or lease assignments
5. Regulatory Approvals: Include when the transaction requires specific regulatory approvals
6. Break Fee: Include when parties agree to a fee if either party terminates negotiations
7. Intellectual Property: Include when IP assets are a significant part of the purchase
8. Post-Closing Covenants: Include when there are specific post-sale requirements like non-compete agreements
1. Schedule A - Business Description: Detailed description of the business, its assets, and operations
2. Schedule B - Preliminary Purchase Price Calculation: Breakdown of the proposed purchase price and any adjustments
3. Schedule C - Due Diligence Requirements: List of documents and information required for due diligence
4. Schedule D - Timeline: Detailed timeline with specific milestones and deadlines
5. Schedule E - Key Assets: Preliminary list of key assets included in the purchase
6. Appendix 1 - Confidentiality Terms: Detailed confidentiality provisions and requirements
7. Appendix 2 - Exclusivity Terms: Detailed exclusivity provisions and requirements
Find the exact document you need
Business Share Purchase Agreement
A Malaysian law-governed agreement documenting the terms and conditions for the purchase and sale of business shares, including transaction structure and regulatory compliance requirements.
Download
Non Binding Letter Of Intent To Purchase Business
A non-binding preliminary agreement outlining the intention to purchase a business under Malaysian law, setting forth key terms and conditions of the proposed acquisition.
Download
Deposit Agreement For Business Purchase
A Malaysian law-governed agreement that establishes terms for a business purchase deposit, including payment conditions, refund provisions, and purchase progression framework.
Download
Confidentiality Agreement For Sale Of Business
A Malaysian law-governed agreement protecting confidential information during business sale negotiations and due diligence.
Download
Contract For Sale Of Commercial Property
A Malaysian law-governed agreement for the sale and purchase of commercial property, outlining terms, conditions, and transfer requirements.
Download
Commercial Property Sale Agreement
A legally binding agreement for the sale and purchase of commercial property in Malaysia, compliant with Malaysian property law and regulations.
Download
Small Business Purchase Agreement
A Malaysian law-governed agreement for purchase transactions between small businesses, outlining key terms and conditions for goods or services exchange.
Download
Commercial Lease Purchase Agreement
Malaysian-law governed agreement combining commercial property lease terms with a future purchase option, suitable for business property transactions.
Download
Commercial Real Estate Purchase And Sale Agreement
A Malaysian law-governed agreement for the sale and purchase of commercial real estate, detailing transaction terms and compliance requirements.
Download
Business Buy And Sell Agreement
A Malaysian law-governed agreement facilitating the complete sale and purchase of a business, including all essential terms and conditions of the transaction.
Download
Business Asset Purchase Agreement
A Malaysian law-governed agreement detailing the terms and conditions for the purchase and sale of business assets between parties.
Download
Commercial Property Purchase Agreement
A Malaysian law-governed agreement for the sale and purchase of commercial property, detailing transaction terms and ensuring legal compliance.
Download
Letter Of Intent To Sell Business
A preliminary document under Malaysian law outlining the proposed terms and conditions for a business sale transaction, serving as a framework for subsequent definitive agreements.
Download
Intent To Purchase Business Agreement
A preliminary agreement under Malaysian law outlining the proposed terms and conditions for a potential business acquisition.
Download
Business Acquisition Purchase Agreement
A Malaysian law-governed agreement detailing the terms and conditions for the purchase and sale of a business, including all essential transaction elements and regulatory compliance requirements.
Download
Business Acquisition Letter Of Intent
A preliminary business acquisition agreement under Malaysian law outlining key terms and conditions for a proposed business purchase transaction.
Download
Business Acquisition Agreement
A Malaysian law-governed agreement detailing terms and conditions for acquiring a business through asset or share purchase.
Download
Asset Purchase Letter Of Intent
A preliminary document under Malaysian law outlining the proposed terms and conditions for an asset purchase transaction, serving as a framework for negotiations.
Download
Letter Of Intent To Purchase Business
A preliminary agreement under Malaysian law outlining the key terms and conditions for a proposed business acquisition.
Download
Small Business Stock Purchase Agreement
A Malaysian law-governed agreement for the purchase and sale of shares in a small business, outlining transfer terms and ensuring legal compliance.
Download
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)