Tag: Letter of Intent

Damages For Breach Of A Letter Of Intent

David C. Tingstad, Edmonds Lawyer
David C. Tingstad
May 6, 2020
The first step in negotiating the purchase and sale of a business or its assets is to execute a letter of intent.  The letter of intent stipulates the “big picture” terms of the agreement.  These terms include naming all parties to the agreement, defining the assets being purchased, and the purchase price.  The “big picture”… Read More

Buying/Selling A Business In Washington State: A Process

David C. Tingstad, Edmonds Lawyer
David C. Tingstad
Jan 10, 2019
Most closely held business owners are not familiar with the process associated with buying or selling a business. The process is comprised of four general steps: conversation, letter of intent, definitive documentation and closing. Conversation The first step in the process is the initial conversation between the buyer and the seller.  A simple conversation can… Read More