Letter of intent (non-binding)

Date: [date]

Buyer: [full name or company name], email: [email]
Seller: [full name or company name], email: [email]
Business: [business name], website: [domain]

1. Proposed transaction
The buyer intends to buy the assets of [business name] from the seller on the following preliminary terms.

2. Price
Proposed purchase price: [amount] [currency, e.g. SAR], paid in one payment at closing unless the parties agree otherwise in writing.

3. Assets included
[e.g. domain and DNS, code repository, database and customer data, payment gateway account, hosting, brand assets, social accounts, email lists]

4. Due diligence
Within [number] days of signing, the seller gives the buyer access to the information needed, including read access to the payment gateway, analytics and code.

5. Exclusivity
The seller will not negotiate with any other buyer for [number] days from signing.

6. Target closing date
[date]

7. Confidentiality
Both parties keep this letter and its contents confidential.

8. Non-binding
This letter states intent and does not oblige either party to complete the transaction, except the exclusivity and confidentiality sections, which are binding. The transaction happens only when a final asset purchase agreement is signed.

Signatures

Buyer: ____________________   Date: __________
Seller: ____________________   Date: __________

Note: this is a general template from Safi for guidance only and is not legal advice. Review it with a lawyer before signing.