Hansra LawToronto, ON · August 17, 2026How to Write a Letter of Intent for a Business Purchase: A Step-by-Step Guide
You’ve found the business you want to buy. Now what? The letter of intent is where a real deal starts. It sets the price, the structure, and the ground rules for everything that follows, and the terms you concede here have a way of becoming permanent, even though most of the document is technically non-binding. After helping buyers through this stage on deal after deal, I can tell you the LOI is where good deals are won and bad deals become inevitable. This step-by-step guide walks through how to write a letter of intent for a business purchase: what goes in, what stays out, which clauses...
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