AcquireStartup resources
LOI and Purchase Agreement Primer
A plain-English primer on letters of intent and asset purchase agreements for small online business acquisitions.
LOI basics
- A letter of intent usually records price, structure, exclusivity, diligence scope and closing target.
- It should identify gated sensitive data and what evidence is required before final signing.
Purchase agreement basics
- The final agreement should cover included assets, excluded liabilities, representations, warranties, covenants and transition support.
- Use qualified legal advice before signing binding transaction documents.