A Letter of Intent (often referred to as a LOI), is a nonbinding proposal, made to the Seller of what an offer from the Buyer might look like. ASSET PURCHASE AGREEMENT from ARK RESTAURANTS CORP filed with the Securities and Exchange Commission.The Purchasing Agent is authorized to select the vendor and to complete all actions necessary to execute a contract without Commissioners Court approval. After you and the seller are on the same page about what assets you plan to purchase, you need your attorney to draft a letter of intent. Edit, sign, and share restaurant sale agreement pdf online. No need to install software, just go to DocHub, and sign up instantly and for free.