A Letter Of Intent To Sell Template is a crucial preliminary document used in England and Wales when a party wishes to formally express their intention to sell property or assets. It serves as an important stepping stone between initial discussions and a formal sale agreement, typically including proposed price, timeline, and basic terms. While generally non-binding, it demonstrates serious intent and can include certain binding provisions such as confidentiality or exclusivity. The document is particularly valuable in complex transactions where detailed negotiations and due diligence will follow.
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1. Date and Parties: Identity and contact details of seller and potential buyer
2. Subject Property/Asset: Clear description of what is being sold
3. Proposed Purchase Price: Indication of the anticipated sale price
4. Timeline: Expected timeframe for completing the transaction
5. Non-Binding Nature: Clear statement that this is not a binding contract to sell
1. Due Diligence Period: Timeframe for buyer to investigate the property/asset - used for complex transactions or commercial property
2. Exclusivity Period: Period during which seller won't negotiate with other parties - used when buyer requires exclusive negotiation rights
3. Confidentiality Provisions: Terms regarding confidential information exchange - used when sensitive information will be shared
1. Property Details Schedule: Detailed description of the property/asset including photographs or plans
2. Proof of Ownership Schedule: Basic evidence of seller's right to sell
3. Initial Terms Sheet: Preliminary outline of key commercial terms - used for complex transactions
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