[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-281138-105":53,"doc-detail-281138-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","acrelive-program-letters-of-intent-may-9-2017","ACRELIVE Program - Letters of Intent - May 9, 2017","","This Letters of Intent template for the ACRELIVE Program (dated May 9, 2017) sets out the mutual intent of Buyer and Seller to negotiate a potential Purchase Agreement for a specific property. It includes detailed exclusivity terms requiring the Seller to discontinue marketing and negotiations, and it defines an Exclusivity Period with termination consequences. It also clarifies the non-binding nature of most provisions while stating that certain clauses, including exclusivity, remain legally binding and enforceable.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/acrelive-program-letters-of-intent-may-9-2017/281138/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/acrelive-program-letters-of-intent-may-9-2017/281138.png","ImageObject",442,249,{"name":88,"@type":89},"McQueen","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-21","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":25},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is the purpose of this Letter of Intent?","Question",{"text":108,"@type":109},"It sets forth the parties’ present mutual intent to negotiate and attempt to enter into a Purchase Agreement. Neither side is legally bound to complete the sale unless and until a fully executed Purchase Agreement is delivered.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What exclusivity obligations does the Seller assume?",{"text":113,"@type":109},"The Seller must discontinue active marketing, cease negotiations with other parties, and avoid entering new agreements or solicitations regarding the property during the stated Exclusivity Period, with binding enforceability for the exclusivity clause.",{"name":115,"@type":106,"acceptedAnswer":116},"What happens if the Purchase Agreement is not executed within the Exclusivity Period?",{"text":117,"@type":109},"The executed Letter of Intent automatically terminates when the period expires, and the parties have no further rights or obligations under the Letter of Intent.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},281138,1790094773,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":25,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":76},5909890329169,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","LETTERS OF INTENT  \nACRELIVE PROGRAM  \nMay 9, 2017  \nFrederick L. Klein and Kevin L. Shepherd  \nEXCLUSIVITY:  \nExample 1  \nSeller agrees (a) to discontinue active marketing of the Property and any current negotiations for the sale of the Property,(b) not to enter into any new negotiations with any third parties for the sale of the Property, and (c) not to solicit purchase offers for the Property from other parties from the date this Letter is countersigned unless Buyer does not proceed to Closing on or before the expiration of the Due Diligence Period. This paragraph constitutes the binding obligation of the Seller until this Letter expires or the Purchase Agreement has been executed and delivered by both parties.  \nExample 2  \nSeller agrees that upon execution of this letter, Seller and its agents, including Seller ’s listing broker, shall cease negotiations with any other existing or prospective buyers of the Property and agrees not to enter into any agreements concerning the sale or transfer of the Property with anyother person or entity other than Buyer for a period of fourteen (14) days following the execution of this letter (“Exclusivity Period”) . Upon execution of this letter, Buyer and Seller shall negotiate in good faith to finalize the Contract. If the Contract is not executed before the expiration of the Exclusivity Period, this executed letter shall automatically terminate and neither Buyer nor Sellershall have any further rights or obligations hereunder.  \nExample 3  \nIn consideration of Buyer ’s commitment to expend significant time, effort and expense to evaluate the feasibility of the acquisition of the Property, Seller agrees that from the date of Seller ’s acceptance of this Letter of Intent until the earlier of   or the execution and delivery of the Purchase Agreement (unless sooner notified by Buyer of its intent not to acquire the Property) Seller shall not offer the Property (or any interest therein) for sale, option, grant a right of first to any other party or negotiate, solicit or entertain any offers to purchase, option, grant any other ownership interests in the Property. The parties acknowledge, however, that Seller has a signed refinancing letter of intent and is working through due diligence and document review toward a loan closing on   . Buyer acknowledges that if Buyer and Seller do not finalize the Purchase Agreement by   , or if the parties otherwise discontinue discussions pursuant to this Letter of Intent, Seller has the right to close on the new loan, as it deems reasonably necessary.  \nExample 3  \nIn consideration of the expenses Buyer will incur in preparing the Purchase and Sale Agreement and performing due diligence related to the proposed sale, Seller agrees that it will not, directly or  \nindirectly, through any officer, director, employee, agent or representative, provide any information to, solicit, discuss, negotiate or entertain any inquiries or proposals from, or continue to enter into any negotiations with, or provide information to, any party other than Buyer and its affiliated entities with respect to the sale, lease, management, development, or disposition of the Property, or any portion thereof, without the express knowledge, involvement, and written permission of Buyer (not to be unreasonably withheld, delayed, or conditioned), until the earlier to occur of (1) the date that is thirty (30) days after the execution of this LOI if a Purchase and Sale Agreement in form and substance satisfactory to Buyer and Seller in their sole discretion has not been executed and delivered by such date,(2) the date of execution and delivery of the Purchase and Sale Agreement, which shall cover any Exclusivity Period, or (3) the date on which Buyer may have given written notice to Seller that it will not pursue the transaction contemplated hereby (“Exclusivity Period”) .  \nNON-BINDING NATURE:  \nExample 1  \nThe purpose of this Letter is to set forth the present mutual intent of Buyer and Sel","cbCaidyWxthVrhka","https://ap.wps.com/l/cbCaidyWxthVrhka","pdf",363859,7,"English","# Letters of Intent\n## ACRELIVE Program\n## Exclusivity Terms\n## Non-Binding Nature","[{\"question\":\"What is the purpose of this Letter of Intent?\",\"answer\":\"It sets forth the parties’ present mutual intent to negotiate and attempt to enter into a Purchase Agreement. Neither side is legally bound to complete the sale unless and until a fully executed Purchase Agreement is delivered.\"},{\"question\":\"What exclusivity obligations does the Seller assume?\",\"answer\":\"The Seller must discontinue active marketing, cease negotiations with other parties, and avoid entering new agreements or solicitations regarding the property during the stated Exclusivity Period, with binding enforceability for the exclusivity clause.\"},{\"question\":\"What happens if the Purchase Agreement is not executed within the Exclusivity Period?\",\"answer\":\"The executed Letter of Intent automatically terminates when the period expires, and the parties have no further rights or obligations under the Letter of Intent.\"}]","ACRELIVE Program - Letters of Intent - May 9, 2017 | PDF",1789564425]