It is an agreement between the parties to enter into a future transaction and documents the details of what that transaction will be. Some states require the addition of a sales and use tax to the purchase price of the personal property sold. Be sure to indicate in your purchase and sale contract who is responsible for these taxes. If you wish to sell or buy a business, please use our sales contract. Purchase of shares Declaration of Intent – For the purchase of shares or shares in a company (Corporation, LLC, Partnership, etc.). (b) The purchase price of the assets could be up to $ [TOTAL PURCHASE PRICE AMOUNT] and, subject to the adjustment set out below and in a final agreement, payable as follows (the “Purchase Price”): [Buyer`s name] (“Buyer”) offers to purchase the property (as defined below) in accordance with the following conditions, subject to the performance of a final contract of sale and sale (“Contract of Sale”) [Period] after the date of performance of the letter tre (“declaration of intent”) (such transitional period, “negotiation phase”): 13th formal sales contract. After acceptance of the Memorandum of Understanding by the Seller, the Buyer shall draw up a contract of sale which shall contain the terms of this Memorandum of Understanding and which shall contain the usual agreements, insurance, guarantees, indemnities and other provisions usually contained in the agreements submitted to the Seller for verification. Seller and Buyer act in good faith and do everything in their power to negotiate and conclude the Contract of Sale on the basis of this Memorandum of Understanding. .