Q: We have probably found a buyer for our agency, and he would like to have us sign a letter of intent. What exactly is a letter of intent? Is it binding? If not, do we even need a letter of intent?

Despite having no binding effect in the law, a letter of intent is one of the most important agreements a seller of business shares will sign. It establishes the price and core terms of the deal and ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Skylar Clarine is a fact-checker and expert in personal finance with a range of ...

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. A letter of intent ...

The evolution of the real estate business in Nevada over the last 30 years has resulted in a purchase agreement going from a simple one-page contract to a lengthy purchase offer plus several pages of ...