The Intent of Sale Agreement serves as a crucial first step in formalizing negotiations between buyers and sellers in the United States. This document is typically used when parties have progressed beyond initial discussions but aren't ready for a definitive purchase agreement. It outlines key terms such as purchase price, timeline, and conditions while allowing for due diligence. While primarily non-binding, certain provisions like confidentiality and exclusivity can be made binding. The document must comply with both federal and state-specific regulations, particularly regarding contract formation and industry-specific requirements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the proposed transaction and purpose of the letter of intent
3. Definitions: Key terms used throughout the document
4. Subject Matter: Clear description of assets/business being sold
5. Purchase Price: Proposed purchase price and payment terms
6. Timeline: Expected timeline for due diligence and closing
7. Binding vs. Non-Binding Provisions: Clear designation of which provisions are binding
1. Exclusivity: Period during which seller cannot negotiate with other parties. Used when buyer wants exclusive negotiation rights.
2. Due Diligence: Scope and process for buyer's investigation. Used for complex transactions requiring substantial investigation.
3. Confidentiality: Terms of information sharing and non-disclosure. Used when not covered by separate NDA.
4. Break-up Fee: Compensation if deal doesn't proceed. Used for high-value transactions with significant due diligence costs.
1. Asset Schedule: Detailed list of assets included in the sale
2. Due Diligence Checklist: List of required documents and information
3. Timeline Schedule: Detailed timeline with key milestones and deadlines
4. Price Calculation: Details of purchase price calculation if complex
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Sell A Contract
A U.S.-governed agreement for the sale and assignment of contractual rights from one party to another.
Download
Purchase And Sale Agreement For A House
A legally binding U.S. contract that outlines terms and conditions for residential property transfer between seller and buyer.
Download
Sale Leaseback Contract
A U.S.-governed agreement where property is sold and immediately leased back to the seller, enabling capital release while maintaining operational use.
Download
Typical Consignment Agreement
A U.S.-governed agreement establishing terms for one party to sell goods on behalf of another while maintaining possession but not ownership.
Download
Selling Agent Contract
A U.S.-compliant legal agreement establishing the terms between a property owner and real estate agent for property sale services.
Download
Real Estate Sale Forms
A standardized U.S. legal document facilitating real estate property transfers between sellers and buyers, compliant with federal and state regulations.
Download
House For Sale In Contract
A U.S. legal contract establishing terms and conditions for residential property sale, compliant with federal and state real estate laws.
Download
Exclusive Agency Listing Contract
A U.S. real estate contract granting exclusive listing rights to a broker while allowing owner direct sales without commission.
Download
Conditional Installment Sales Contract
A U.S. contract allowing possession of property with periodic payments while seller retains title until full payment, governed by federal and state laws.
Download
Homes For Sale Contract For Deed
A U.S.-governed legal agreement for seller-financed property purchase where the seller retains title until full payment is received from the buyer.
Download
Sales Contract For Unimproved Land
A U.S.-governed contract for the sale and purchase of undeveloped land, detailing terms, conditions, and transfer requirements.
Download
Business Sale Broker Agreement
A U.S.-compliant agreement establishing terms for a business broker to facilitate the sale of a business, including commission structure and responsibilities.
Download
Sale Of Equipment Agreement
A U.S.-governed contract that establishes terms and conditions for the sale and purchase of equipment, governed by the UCC and state laws.
Download
Private Sale Of Property Agreement
A U.S. legal agreement for the direct sale of property between private parties without broker involvement.
Download
Simple Buyer Seller Agreement
A U.S.-governed commercial contract establishing terms and conditions between a buyer and seller for the sale of goods or services.
Download
Sell Lease Agreement
A U.S.-governed agreement where property is sold and immediately leased back to the seller, combining sale and lease terms in compliance with federal and state regulations.
Download
Final Sale Contract
A U.S.-governed contract documenting the permanent transfer of ownership from seller to buyer, including sale terms and conditions.
Download
Owner Financed Home Sale Contract
A U.S. legal agreement where the property seller provides direct financing to the buyer, combining property sale and loan terms in compliance with federal and state regulations.
Download
Exclusive Sale And Listing Agreement
A U.S. real estate contract granting exclusive property listing and selling rights to a specific broker/agent.
Download
Condominium Purchase And Sale Agreement
A U.S. legal agreement governing the sale and purchase of condominium units, outlining transaction terms and conditions.
Download
Sale Agreement Form
A US-governed legal document that formalizes the terms and conditions of a sale transaction between a buyer and seller, compliant with UCC requirements.
Download
Sales Confidentiality Agreement
A U.S.-governed legal agreement protecting confidential sales information shared between parties during business transactions.
Download
Business Sale Non Compete Agreement
A U.S. legal agreement preventing business sellers from competing with their sold business within specified time and geographic limits.
Download
Sale Agreement Between Buyer And Seller
A U.S.-governed legal agreement documenting terms and conditions between a buyer and seller for the sale of goods.
Download
Intent Of Sale Agreement
A U.S.-compliant preliminary agreement outlining proposed terms for a potential purchase of assets, property, or business.
Download
Sales Person Contract
A U.S.-governed employment agreement defining terms, compensation, and obligations for sales personnel.
Download
Sale Agreement Forms
A U.S.-governed legal document that formalizes the terms and conditions of a sale transaction between parties, ensuring compliance with federal and state commercial laws.
Download
Purchase Agreement For Land Sale
A legally binding U.S. contract documenting the sale and purchase of land, including terms, conditions, and legal requirements.
Download
Agreement To Sell Shares Of A Company
A U.S.-governed agreement documenting the sale and transfer of company shares between parties, including terms, conditions, and regulatory compliance requirements.
Download
Vessel Sales Agreement
A U.S.-governed legal agreement documenting the sale and purchase of a vessel, compliant with federal maritime law.
Download
Vendor Sales Agreement
A U.S.-governed agreement establishing terms for the sale of goods or services between vendor and purchaser.
Download
Real Estate Sellers Contract
A U.S.-compliant legal agreement defining terms and conditions for real estate property sales.
Download
Standard Sale And Purchase Agreement
A U.S.-governed agreement establishing terms for the sale and purchase of goods or property between parties, subject to UCC provisions.
Download
Stock Sale Contract
A U.S.-governed legal agreement documenting the terms and conditions of a stock transfer between parties, compliant with federal and state securities laws.
Download
Sales Contract For Car
A U.S.-governed agreement documenting the sale and transfer of ownership of a vehicle between seller and buyer.
Download
Exclusive Selling Agreement
A U.S.-governed agreement granting exclusive rights to sell products in a defined territory, establishing terms between manufacturer and distributor.
Download
Business Sale Offer And Acceptance Agreement
A U.S.-compliant agreement documenting the formal offer and acceptance for the sale of a business, including key terms and conditions.
Download
Contract To Sell Property
A legally binding agreement under US law that documents the terms and conditions for the sale and transfer of real property ownership between a seller and buyer.
Download
Motorcycle Selling Agreement
A U.S.-compliant legal agreement for the sale and purchase of a motorcycle, outlining terms, conditions, and ownership transfer.
Download
Simple Consignment Agreement
A U.S.-governed agreement establishing terms for selling goods on consignment, including commission and payment structures.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)