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Letter of Intent with Option Provisions (Draft v2)
Confidential -- For Preview Purposes Only
Letter of Intent with Option Provisions (Draft v2) - attorney-drafted template. Party names and deal-specific details have been replaced with neutral placeholders. Review before use.
[DATE]
Via email
Mr. [INDIVIDUAL]
[COMPANY]
c/o [INDIVIDUAL]
[FIRM]
[EMAIL]
Re: Letter of Intent – [PROPERTY]
Dear [INDIVIDUAL]:
As recently discussed with [INDIVIDUAL] of [FIRM], the undersigned ("Buyer") is interested in purchasing the approximately 59-acre [PROPERTY] property located in the [CITY], [STATE] (the "Property") owned by [COMPANY] (“Seller”).
The Buyer intends that the Property be acquired for conservation, with ownership ultimately held by [COMPANY] and/or [COUNTY] as an addition to the [PROPERTY], or other appropriate steward or combination of stewards (in any case, a “Stewardship Partner”).
Buyer proposes the following two alternatives for a purchase of the Property:
A. Purchase Agreement and Prompt Closing
1. Purchase Price: [AMOUNT], all cash which would be paid at closing.
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Letter of Intent with Option Provisions (Draft v2)
Investment Agreements -- US - General