Document background
A Letter of Intent to Sell Shares is commonly used in the early stages of share sale negotiations under English and Welsh law. It serves as a formal way to document preliminary agreements and establish a framework for further discussion and due diligence. The document typically includes proposed purchase price, number of shares, timeline, and any conditions precedent. While mostly non-binding, it demonstrates serious intent and can include binding provisions for confidentiality and exclusivity. This document is particularly useful in complex transactions where parties need to outline their understanding before proceeding with detailed negotiations and legal documentation.
