asset-purchase-loi

name	asset-purchase-loi
title	Asset Purchase Letter of Intent
description	Drafts a U.S. asset purchase letter of intent (LOI) separating binding from non-binding terms and capturing deal points, diligence, exclusivity, and closing path. Trigger on "letter of intent", "LOI", "asset purchase", "M&A LOI", "no-shop", "exclusivity", "purchase price", "due diligence".
author	CaseMark
author_url	https://github.com/CaseMark/skills/tree/main/skills/legal/asset-purchase-loi
license	Apache-2.0
version	0.1.0
execution_mode	open
jurisdiction	us
practice	corporate
language	en
tags	["agreement","drafting","letter","transactional"]

Asset Purchase Letter of Intent

Draft an asset purchase LOI that frames deal terms as non-binding while making confidentiality, exclusivity, and governing-law provisions enforceable.

Prerequisites

Collect before drafting:

1. Buyer and seller legal names, entity types, formation states, addresses.
2. Business description and scope of assets (included and excluded).
3. Purchase price structure (cash, seller note, earnout, adjustments).
4. Liability assumption position and any specifically assumed liabilities.
5. Diligence scope, access parameters, and timeline.
6. Exclusivity/no-shop duration and terms.
7. Existing NDA details or confidentiality requirements.
8. Governing law and dispute forum preference.
9. Conditions precedent and regulatory/consent requirements.
10. Non-compete/non-solicit intent, duration, geographic scope.

Quick Start

1. Gather prerequisites and confirm facts with the user.
2. Build deal-term table (see below) — populate only confirmed inputs.
3. Draft LOI using section outline; tag sourced facts with [Source: DocName].
4. Separate binding vs non-binding provisions explicitly.
5. Run drafting checklist before delivering.

Deal Term Reference

Term	Required Inputs	Notes
Parties	Legal names, addresses	Define as "Buyer" / "Seller"
Assets	Included / excluded lists	Use schedules or bullet lists
Liabilities	Assumed vs excluded	Buyer assumes only listed liabilities
Price	Cash, note, earnout, adjustments	Specify mechanics and timing
Allocation	IRC 1060 intent	Form 8594 consistency required
Diligence	Start, duration, access limits	Buyer satisfaction in sole discretion
Closing	Target date or window	Tie to definitive agreement
Conditions	Consents, financing, MAC, approvals	List critical items
Exclusivity	Duration, scope, notice	Binding
Confidentiality