Letter of Intent Sample for Food Business

LETTER OF INTENT (LOI): FOOD BUSINESS ACQUISITION/PARTNERSHIP

Document ID: TR-8829-LOI
Effective Date: [____/____/2026]

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INSTRUCTIONS FOR USE

• Completion: This document is to be completed by the Principal/Authorized Representative of the Acquiring Entity.
• Filing/Retention: Executed copies must be retained by the corporate legal department for a minimum of seven (7) years following the expiration of the agreement or finalized transaction.
• Mandatory Attachments: Please attach: (a) Proof of Liquid Assets/Funding, (b) Executive Summary of Operational Goals, and (c) Copy of Business Registration/Articles of Incorporation.

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1. PARTIES

Acquirer: [__________] ("Purchaser")
Target Entity: [__________] ("Seller")
Registered Address of Target: [__________]

2. TRANSACTION OVERVIEW

[ ] Asset Purchase
[ ] Equity Purchase
[ ] Partnership/Joint Venture
[ ] Lease/Operating Agreement

Proposed Consideration: $ [__________]
Proposed Closing Date: [____/____/2026]

3. OPERATIONAL SCOPE

The Purchaser intends to acquire the following operational elements (select all that apply): [ ] Physical Inventory/Stock
[ ] Kitchen Equipment/FF&E
[ ] Intellectual Property (Recipes, Branding, Trademarks)
[ ] Leasehold Interests
[ ] Existing Personnel/Staffing Contracts

4. DUE DILIGENCE PERIOD

The Purchaser shall have a period of [__________] days from the Effective Date to conduct a comprehensive due diligence review, including, but not limited to:

• Financial Statements & Tax Returns (Past 3 Years)
• Health Department Inspection Records
• Material Contracts & Supplier Agreements
• Employment Records & Liability Claims

5. EXCLUSIVITY (NO-SHOP)

The Seller agrees that from the date of this LOI until the execution of a Definitive Agreement, they shall not, directly or indirectly, solicit, initiate, or engage in discussions with any other party regarding the sale of the business or assets.

6. CONFIDENTIALITY

Both parties agree to hold all proprietary information, trade secrets, and financial data exchanged during these negotiations in strict confidence and shall not disclose such information to any third party without prior written consent.

7. NON-BINDING NATURE

Except for Sections 5 (Exclusivity) and 6 (Confidentiality), this Letter of Intent is intended to be a non-binding expression of interest. A binding commitment shall only arise upon the execution and delivery of a formal Definitive Purchase Agreement.

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8. EXECUTION

In witness whereof, the parties have executed this Letter of Intent as of the date first above written.

FOR THE ACQUIRER:

Signature: __________________________
Printed Name: [__________]
Title: [__________]
Date: [____/____/2026]

FOR THE SELLER:

Signature: __________________________
Printed Name: [__________]
Title: [__________]
Date: [____/____/2026]

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Disclaimer: This document is provided as a standardized framework. Consult qualified legal counsel for jurisdiction-specific statutory compliance.