What is a LOI and how do I write one?

This topic has 4 replies, 6 voices, and was last updated 1 month, 1 week ago by Michael Miller.

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January 1, 2022 at 4:47 pm #13838
Michelle Schultz
My husband and I are interested in making an offer on a laundromat and the broker (who is extremely unhelpful and noncommunicative) said we could make a “bid” and we needed to write a LOI.

What exactly is that? Any templates to go by? I’d like to make sure the offer has a time limit because this woman has strung us along for months without any communication other than telling us what she expects from us as a potential buyer. She does not answer questions. Any advice appreciated.
- This topic was modified 11 months, 3 weeks ago by Alvin Espino.
June 25, 2024 at 11:23 pm #29333
brian lagman
Participant
Tell chatgbt to create one and have a lawyer review it and ensure you are protected
October 3, 2024 at 10:02 pm #30817
Zoya Shah
Participant
Promotional hoodies are an excellent way to enhance brand visibility and foster team spirit. When creating a Letter of Intent (LOI), ensure it clearly outlines your purpose, goals, and intentions. Start with a formal greeting, followed by an introduction to the subject matter. Detail the objectives and context, then conclude with a call to action, inviting the recipient to respond. Using a professional tone throughout is essential for effective communication.
October 13, 2024 at 2:27 am #30987
Sam Connely
Participant
An LOI, or Letter of Intent, outlines your offer and intentions. You can find templates online by searching for “LOI for business purchase.” Definitely include a response deadline to keep things moving.
October 13, 2024 at 3:05 am #30991
Michael Miller
Participant
It should include the price, any conditions, and a deadline for acceptance. Look for templates online or copy them if you know someone who has one.
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