The letter of intent for business proposal is an official document that is required when you are going to be sealing a deal with a party. It is send by one party seeking to have a proposed arrangement of business with the other party. Letter of intent for business venture or business partnership is written in order to define the terms and conditions of the proposed agreement. In a business proposal letter, you can include the share of each party along with various other terms. An effective letter of intent for startup business is one which includes all the important points that are essential to enter into a business with another party.
You can create a customized Letter of Intent for Business Proposal using the sample letter of intent for business. Follow the letter of intent for business proposal example to write your own letter.
Example for Letter of Intent for Business Proposal
Date: April 25rd, 2020
Dear Mr. Hanks,
We are writing this letter of intent to express our interest in purchasing your company Hans Technologies along with its inventory and assets. We anticipate that the conditions of proposed deal would be as mentioned below.
Gatsby Enterprises would acquire Hans Technologies which will include the office located at 15 Gibson Towers, California along with the company’s logo, brand equity and clients. We would also be acquiring all the office equipment and furniture along with the inventory. As per the information provided by you, there is an outstanding debt of $25,000.
We propose to provide a compensation of $350,000 which will be released in different stages. The first transfer of $50,000 on the date of execution of purchase agreement. The second transfer of $ 75,000 after 15 days from date of purchase agreement. The rest of the amount will be transferred in six equal instalments over six months after the closing has taken place.
While we finalize the agreement, we would require that all kinds of purchases should be ceased from your end so that we have enough time to finalize the deal. As a part of this letter of intent, we also request you to not disclose about this purchase agreement. Legally, you can only disclose our intent to purchase once the agreement is complete and we have made that public with a joint press release.
This is just a letter of intent for purchase and not an official agreement for purchase. The detailed information on all the terms and conditions of the proposed agreement will be mentioned in the final Purchase Agreement that will be a result of mutual agreement by both the parties after negotiation and discussion. We expect that if we are chosen to be one of the prospective buyers then we must not take more than 30 days in order to close the deal.
We will look forward to hear from you.
Other Related Letter Formats
If you wish to have a business tie up with a company then you must submit a well framed business tie up proposal letter. Such kind of corporate tie up letters contain all the essential information in relation with your company and services offered by your company. It is important that you introduce your company and put forward your proposal in a formal manner.
To help you with placement tie up letter format, we have come up with a formal business tie up proposal letter sample which you can use for creating a customized proposal.
Sample Business Tie Up Letter Format
KK Placement Services Ltd.
300 Udai Apartment,
Date: 3rd, August, 2017
Universal Technology Pvt. Ltd.
No.4, LS Nagar Rd
Dear Mr. Sharma,
We at KK Placement Services Ltd. would like to introduce ourselves as a promising placement company in the city. We take this opportunity to submit a business proposal from our end to cater the placement needs of your company in the most effective manner. We expertise in offering temporary as well as permanent staffing solutions subjective to the requirements of our clients.
KK Placement Services Ltd. came into existence in 2001. Since its inception, it has been offering a wide range of staffing and placement solutions across different industries and companies of all sizes. We offer the best of recruitment and staffing services to help you find the most suitable employees for your company. We aim at connecting you with the best of prospects so that you can focus on your core business.
We have an experienced and specialized team of professionals who work in accordance with the needs of the client. They deeply understand the requirements of the business and present the most potential prospects who meet the criterion set by the clients effectively.
In case you are interested in availing our placement services then please get in touch with us at 9898989898 or you can write to us at [email protected]ith.com.
KK Placement Services Ltd.