Professional Documents
Culture Documents
Letter of Intent Acquisition
Letter of Intent Acquisition
[Target]
_______________
_______________
Attention: ___________
Gentlemen:
1. Interests to be Acquired.
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[Target]
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(including without limitation all applications therefor and any claims or causes
of action for infringement thereof); trade names, trade secrets, technical
documentation, other know-how and intellectual property rights, books,
records, customer and vendor lists, contract rights, goodwill and general
intangibles which [TARGET] owns or has the right to use in the Business (the
Acquired Assets). The Acquisition will be a taxable transaction structured as
a purchase of assets from [TARGET] by Buyer, free of any and all liens, claims
and encumbrances, as provided in the Acquisition Agreement; provided,
however, that at Buyers sole discretion upon the request of [TARGET], the
Acquisition may be structured as a purchase of all of the issued and
outstanding capital stock of [TARGET] from the Stockholders and the terms of
this Letter of Intent shall apply mutatis mutandis to such stock purchase.
(b) [TARGET] will assign to Buyer and, subject to Buyers review and
acceptance of the terms thereof, Buyer will assume, such contracts and
purchase orders relating to the Business as it may in its sole discretion elect.
[TARGET] shall solely be responsible for all payments required to be made or
that are necessary in order to secure the consent of any third party to the
assignment of any contracts, that are assigned to Buyer.
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[Target]
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[Target]
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13. Brokers. Each party represents to the other that there are no
brokers or finders entitled to compensation with respect to this transaction.
Each party shall indemnify the other for any expenses or damages incurred as
a result of a breach of this representation.
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[Target]
___________, ____
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[Target]
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BUYER COMPANY
By: ________________________
Name:______________________
Title:_______________________
[TARGET]
By: ________________________
Name:______________________
Title:_______________________
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