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Loi or a letter of intent so the letter of intent gives you a price based on what your projected Revenue was to be so usually itll have a price and itll have an earn out so for our company well spend put a percentage of the purchase price down at close at the contract we like owners to stay on for one year and you have that one year earn out and then you get the balance of it at the end of that year so itll have the price and how the payments are going to be made for your company the letter of intent is the basic offer like if you were doing a house before you did your due diligence before you kicked the tires yeah you have a basic price of what someone thinks its worth based on your financials and your discussions