If the Letter of Intent is not binding, then the parties will not be obligated to complete a formal sales agreement and both can walk away from the deal. An experienced Maryland business transactions attorney can draft a Purchase and Sale Agreement that is tailored to the individual transaction.A Business Bill of Sale is a legal document used to transfer ownership of a business from a seller to a buyer. Get a comprehensive understanding of Maryland real estate purchase and sale agreements with our indepth overview and free template. The agreement outlines how the business or ownership interest will be valued when a triggering event occurs.