Hansra LawToronto, ON · September 6, 2026Can I Use a Sample Letter of Intent to Buy a Business?
Tempted to grab a sample letter of intent off the internet and send it to a seller? I get why. It’s fast, it’s free, and the deal feels simple right now. But a template doesn’t know your deal. It doesn’t know whether you’re buying assets or shares, what conditions protect you, or which of its clauses are binding in Ontario. Some sample LOIs bind you to things you never meant to agree to, and some concede points a lawyer would have held back for negotiation. This piece answers the real question: what a sample LOI is safe to use for, where it turns dangerous, and the small set of terms that...
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