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a stock or shares purchase letter of intent is used to kick off an agreement for the purchase of shares in a business like a corporation llc or partnership lets cover things to note about these letters of intent and where to get a free template first its important to note that a stock purchase letter of intent is usually non-binding but its an important document that gets negotiations rolling a prospective buyer will usually present this document for a seller to look over and determine whether or not they would like to sell while its a preliminary offer prior to signing a binding purchase agreement the letter of intent may be created to be binding in which case there would be a legal promise to pay whatever deposit or payment was agreed upon in the letter at the time of signing the actual purchase agreement in other words if youre the prospective buyer and this letter is binding be fully prepared to follow through on the purchase now what does the document cover the letter of inte
