Parties
Identify the buyer, seller, and broker involved in this transaction.
Buyer
Seller
Broker
Business Information
Describe the business being acquired.
Purchase Terms
Define the proposed price, structure, and key financial terms.
Financing Structure
Outline how the acquisition will be funded.
Transition Terms
Conditions & Contingencies
Select which conditions must be satisfied before closing.
Financing contingency
Offer is contingent on Buyer securing acceptable financing
Due diligence review
Buyer must approve financials, operations, and legal records
Lease approval
Assignment or new lease must be approved by Landlord
Franchisor approval
Required if the business operates under a franchise agreement
Liquor / business license transfer
Transfer or reissuance of all applicable licenses
Key employee retention
Critical staff remain employed through the closing date
Environmental inspection
Satisfactory Phase I or Phase II environmental review
No material adverse change
Business must not materially decline before closing
Additional Clauses
Configure exclusivity, confidentiality, and miscellaneous provisions.
Exclusivity / No-shop clause
Seller agrees not to solicit other offers during the negotiation period
Confidentiality obligation
Both parties agree to keep the terms of this LOI confidential
Non-binding LOI
This LOI is non-binding pending execution of a definitive Purchase Agreement
Governing law — Florida
Agreement governed by the laws of the State of Florida
Offer Expiry & Notes
Review & Export
Your LOI is complete. Review the summary below, then copy or print the document.
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The complete LOI text is ready in the preview panel on the right. Use one of the options below to export it.
Legal disclaimer: This LOI drafting tool is provided for informational and drafting assistance purposes only. The output does not constitute legal advice. All parties are strongly encouraged to consult a qualified attorney licensed in the applicable jurisdiction before executing any letter of intent or purchase agreement.
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