Does anyone have any insight into the differences between an Offer to Purchase and a Letter of Intent? The broker on my deal (<$10M purchase price) has a detailed OTP template. The typical sections on exclusivity, confidentiality, etc. are all binding as usual. The rest appears non-binding but if I terminate the deal is the onus on the buyer to prove that they are allowed to terminate?
Any help is appreciated.
Offer to Purchase vs Letter of Intent
by a searcher from Harvard University - Harvard Business School
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