The Letter of Intent in a Business Sale: 7 Seller FAQs
IBG
APRIL 4, 2023
If a buyer is truly interested and survives our vetting, we execute a non-disclosure agreement that allows them to receive the seller’s CIM and, for the first time, see detailed information about the business. It bridges the temporary gap between a verbal expression of interest and a definitive purchase agreement. He dodged a bullet.
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