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A Letter of Intent to Sell Business is a crucial preliminary document used in Malaysian business transactions when a party intends to purchase an existing business. This document serves as a formal expression of interest and outlines the basic terms and conditions of the proposed transaction. While generally non-binding, it demonstrates serious intent and typically precedes more detailed due diligence and final purchase agreements. The document is particularly important in the Malaysian context, where it helps establish clear communication between parties and often facilitates obtaining preliminary approvals from relevant authorities or stakeholders. It should comply with Malaysian law, including the Contracts Act 1950 and Companies Act 2016, and typically includes provisions for confidentiality, exclusivity periods, and basic transaction terms.

1. Letter Header and Date: Formal business letter header including sender's details, recipient's details, and date

2. Subject Line: Clear indication that this is a Letter of Intent for Business Sale

3. Introduction: Identification of all parties involved and their roles (seller and potential buyer)

4. Expression of Intent: Clear statement of intention to purchase/sell the business

5. Business Description: Brief description of the business being sold, including its name, nature, and location

6. Proposed Purchase Price: Indicative price range or specific amount for the business purchase

7. Key Terms: Outline of fundamental terms including payment structure, assets included, and basic conditions

8. Due Diligence: Statement regarding the buyer's right to conduct due diligence and expected timeframe

9. Timeline: Proposed timeline for key milestones including due diligence, negotiation, and closing

10. Non-Binding Nature: Clear statement that the LOI is non-binding except for specific clauses

11. Confidentiality: Statement regarding the confidential nature of discussions and information

12. Closing: Signature blocks and formal letter closing