This document, known as a letter of intent, or LOI, between the business buyer and seller is often the initial step in the purchase process. An experienced Maryland business transactions attorney can draft a Purchase and Sale Agreement that is tailored to the individual transaction.A contract consists of a legally binding agreement or promise between parties. Download free Purchase Agreement Templates adjusted to Maryland laws. For Real Estate, Stocks, Land, Business and more. Get a comprehensive understanding of Maryland real estate purchase and sale agreements with our indepth overview and free template. This is a Legally Binding Contract; If Not Understood, Seek Competent Legal Advice. Business Bill of Sale: This document outlines the sale details, including the purchase price, assets included, and any warranties or guarantees.