Preliminary Offer to Purchase



This agreement expresses the intent of the prospective purchaser of a business while precluding a definitive agreement. The terms and conditions of this agreement are legally binding on both parties. As a result, the purchaser and seller are obligated to fulfil their responsibilities and render any performance as set out in the contract.  Except where a cause is recognized by law, should either party fail to adhere to the terms of the Offer to Purchase, said party would be in breach of the contract.

It is therefore vital to make use of this contract to protect each prospective party.