North Dakota Sample Letter Concerning Counterproposal of Purchase of Stock

• Category: Letters - Legal - Corporate
• State: Multi-State
• Control #: US-0248LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Company Name] [Company Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you in excellent health and high spirits. I am writing to discuss a counterproposal for the purchase of stock in [Company Name], as previously negotiated. After careful consideration and analysis, I am proposing the following terms, which I believe will be mutually beneficial to both parties involved. 1. Purchase Price: The counterproposal suggests a purchase price of $[XXX] per share for [YYY] shares of common stock in [Company Name]. This price is based on the current market value and financial standing of the company and reflects a fair valuation that aligns with current market trends. 2. Payment Terms: Payment will be made in the following manner: a. An initial deposit of [ZZZ]% of the total purchase price within [XX] days from the acceptance of this counterproposal. b. The remaining balance to be paid in full within [BY] days from the initial deposit, subject to customary due diligence and completion of necessary legal procedures. 3. Due Diligence: Both parties will cooperate to facilitate a detailed due diligence review. This review will encompass various aspects, including but not limited to financial records, contracts, intellectual property, outstanding liabilities, and operational efficiencies. It aims to ensure a transparent and accurate understanding of the company's overall performance. 4. Closing Date: The proposed closing date for the completion of this transaction is [date]. It allows sufficient time for due diligence, contract finalization, regulatory approvals, and any other necessary procedures to be completed successfully. However, this timeline is negotiable and can be adjusted based on both parties' mutual consent. 5. Termination and Confidentiality: Either party reserves the right to terminate this counterproposal at any time before the closing date. Furthermore, all information exchanged during the negotiation and due diligence process shall remain strictly confidential and may not be disclosed to any third party without the prior written consent of both parties. Should you find these terms agreeable, please indicate your acceptance by signing and returning a copy of this letter by [date]. By doing so, we can proceed swiftly towards finalizing the purchase of stock in [Company Name]. Thank you for considering this counterproposal. I look forward to your prompt response and the possibility of working together to secure a successful transaction. Should you have any questions or require further clarification, please do not hesitate to contact me at [your contact number] or via email at [your email address]. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Company Name] [Company Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you in excellent health and high spirits. I am writing to discuss a counterproposal for the purchase of stock in [Company Name], as previously negotiated. After careful consideration and analysis, I am proposing the following terms, which I believe will be mutually beneficial to both parties involved. 1. Purchase Price: The counterproposal suggests a purchase price of $[XXX] per share for [YYY] shares of common stock in [Company Name]. This price is based on the current market value and financial standing of the company and reflects a fair valuation that aligns with current market trends. 2. Payment Terms: Payment will be made in the following manner: a. An initial deposit of [ZZZ]% of the total purchase price within [XX] days from the acceptance of this counterproposal. b. The remaining balance to be paid in full within [BY] days from the initial deposit, subject to customary due diligence and completion of necessary legal procedures. 3. Due Diligence: Both parties will cooperate to facilitate a detailed due diligence review. This review will encompass various aspects, including but not limited to financial records, contracts, intellectual property, outstanding liabilities, and operational efficiencies. It aims to ensure a transparent and accurate understanding of the company's overall performance. 4. Closing Date: The proposed closing date for the completion of this transaction is [date]. It allows sufficient time for due diligence, contract finalization, regulatory approvals, and any other necessary procedures to be completed successfully. However, this timeline is negotiable and can be adjusted based on both parties' mutual consent. 5. Termination and Confidentiality: Either party reserves the right to terminate this counterproposal at any time before the closing date. Furthermore, all information exchanged during the negotiation and due diligence process shall remain strictly confidential and may not be disclosed to any third party without the prior written consent of both parties. Should you find these terms agreeable, please indicate your acceptance by signing and returning a copy of this letter by [date]. By doing so, we can proceed swiftly towards finalizing the purchase of stock in [Company Name]. Thank you for considering this counterproposal. I look forward to your prompt response and the possibility of working together to secure a successful transaction. Should you have any questions or require further clarification, please do not hesitate to contact me at [your contact number] or via email at [your email address]. Yours sincerely, [Your Name]