Document background
The Intent To Sell Contract serves as a crucial preliminary step in sales transactions across the United States. This document is typically used when a seller wishes to formally communicate their intention to sell and establish a framework for negotiations. It outlines key aspects such as the asset description, proposed terms, and conditions, while providing protection for both parties during the negotiation phase. The document can be particularly valuable in complex transactions where detailed due diligence is required. While generally non-binding regarding the final sale, it often includes binding provisions for confidentiality and exclusivity. Its format and requirements vary by state jurisdiction and the nature of the assets being sold.
