Document background
The Intent to Sell Agreement serves as a crucial preliminary step in sale transactions across the United States. This document is typically used when parties have reached a general understanding but need to formalize their intentions before proceeding with a definitive purchase agreement. It includes key elements such as price ranges, timeline expectations, due diligence requirements, and any exclusivity periods. While generally non-binding for the final sale, it often contains binding provisions regarding confidentiality and negotiation terms. The document helps establish clear expectations and demonstrates commitment while allowing flexibility for detailed negotiations.
