This Letter of Intent to Purchase All Shares of a Corporation effectively outlines your intent to purchase a corporation's shares. This letter sets out the name of the buyer, corporation whose shares will be purchased and the total number of shares to be purchased from each shareholder. It also includes the total purchase price, conditions precedent to closing and date of closing. It is imperative that this intent to purchase be clearly set out in writing and not via oral agreement. A written Letter of Intent to Purchase All Shares of a Corporation will prove invaluable in the event of disagreements, misunderstandings or litigation.

This Letter of Intent to Purchase All Shares of a Corporation includes the following:

• Parties: Identity of the buyer, corporation whose shares will be acquired, name of the individual shareholders and number of shares owned by each;
• Purchase Price/Closing: Sets forth the closing date, purchase price of the shares, requirements regarding minimum working capital and all conditions precedent to closing;
• Binding Agreement: Spells out the representations and warranties made by all parties before closing, including parties' disclosure and termination of this intent to purchase if the closing does not occur by the specified closing date;
• Signatures: The buyer, a corporate representative and all shareholders must sign this letter of intent.

Protect yourself and your rights by using our attorney-prepared forms.

This attorney-prepared packet contains:

1. General Information
2. Letter of Intent to Purchase All Shares

State Law Compliance: This form complies with the laws of all states