The following Corporate guidance note provides comprehensive and up to date legal information covering:
DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note: Brexit—drafting boilerplate clauses.
Strictly private and confidential
To: [Insert potential seller name]
[Insert potential seller address]
FAO: [Insert name of relevant contact at the potential seller]
Date: [insert date]
Dear [Insert name of relevant contact at the potential seller],
Proposed acquisition of the business of [insert description of the business to be acquired] (the Business) and assets (the Assets) of [insert seller name] (the Seller)
We refer to our recent discussions concerning the proposed acquisition by [insert buyer name] (or a member of its group of companies) (the Buyer) of the Business and the Assets from the Seller (the Proposed Acquisition). Each of the Seller and the Buyer is a party and together they are parties.
In this letter, unless otherwise provided:
means the period from the date of this letter until, and including, [insert date on which the exclusivity period ends];
the sale, transfer or other disposal of any legal or beneficial interest in all or any part of the Business and/or the [material]
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234