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March 11, 2014


Contact Name
Address
Address2
City, State/Province
Zip/Postal Code


OBJECT: LETTER OF INTENT FOR PURCHASE OF COMPUTER EQUIPMENT


Dear [CONTACT NAME],

[YOUR COMPANY NAME] intends to purchase certain computer hardware from [SELLER]. The purpose of this Letter of Intent is to summarize our discussions to date and to confirm our respective intentions with respect to the proposed transaction.

[YOUR COMPANY NAME] intends to purchase from [SELLER] the [MODEL] computer.

The purchase price for the [MODEL] model shall be the lower of [AMOUNT] or whatever better price [SELLER] is able to extend to [YOUR COMPANY NAME].

[YOUR COMPANY NAME] and [SELLER] will use their best efforts to conclude a contract on or before [DATE].

In order to secure timely delivery of the equipment [YOUR COMPANY NAME] has paid to [SELLER] the sum of [%] of the listed price as a deposit, which shall be promptly refunded in the event negotiations are terminated.
 
In the event that a contract is not signed on or before [DATE] for any reason whatsoever, [YOUR COMPANY NAME] or [SELLER] shall each have the right to terminate the negotiations without liability.

This document is a Letter of Intent only. It is not intended to be, and shall not constitute in any way, a binding or legal agreement, or impose any legal obligation or duty on either of us. If the foregoing reflects our mutual statement of intention, please sign and return the enclosed copy of this Letter of Intent.


Sincerely,


FOR [YOUR COMPANY NAME]        FOR [SELLER]


                          
Authorized Signature          Authorized Signature

                          
Print Name and Title          Print Name and Title

 

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