Non binding letter of intent, Sample & Format

Non binding letter of intentA non-binding letter of intent is a letter written to indicate the intention of a party to negotiate in good faith for acquiring another business with some terms of acquisition for the recipient’s consideration. It is a sample contract for both potential buyer and seller to look over the terms and conditions to further possible negotiations. Hence, no obligations are imposed on either party.


Robert B. Garcia

Acquisition Director

Universal Financial Consulting

4755 Settlers Lane
New York, NY 10036

February 13, 2011


Larry Blower

Ocean Springs Seafood Supplies

3429 O Conner Street
Ocean Springs, MS 39564

Dear Sir

RE: Non-binding letter of intent

I am writing on behalf of my client, who prefers to be anonymous until the final stage, to present this non-binding letter of intent for the acquisition of your business, Ocean Springs Seafood Supplies.

We would like to invite you to consider our proposition of acquisition with the following negotiable terms and conditions, as my client is keen to make this acquisition successful. Our calling offer for your business is a ballpark figure acquisition of $2 million, after a careful review of your book value.

We believe it is a fair offer and we hope to hear from you for confirmation or further discussion.

Thank you for your attention on this matter.

Yours Sincerely,

Robert B. Garcia

Acquisition Director

Universal Financial Consulting

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