The Letter of Intent re: Acquisition of Assets sets out the possible basis of the purchase of a business (net assets) not a company.
It includes provision for:
1. Consideration based on net assets [and allowance for royalty]
2 Proposed date for completion
3. A joint audit
4. list of assets and liabilities
This Acquistion of Assets template is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
