What is a Letter of Intent (LOI) and what does it include?

A Letter of Intent (LOI) is a non‑binding document that outlines key terms before drafting a final purchase agreement. It typically covers the purchase price, payment structure, timeline, transition period and contingencieshttps://businessfundinggroup.com/blog/10-steps-to-selling-your-small-business/#:~:text=8,Letter%20of%20Intent. Signing an LOI aligns expectations and provides a framework for due diligence and final negotiationshttps://kewlegal.com/how-to-buy-an-existing-business/#:~:text=6,Not%20a%20Shopper. Although it isn’t a contract, it guides the transaction and often includes confidentiality and exclusivity clauses. Prime 100 advisors help craft the right deal structure and explore financing options, offering responsive, customer-focused service whenever questions arise.