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Making An Offer To Buy A Dental Practice - Letter of Intent (LOI)
Description
Let's talk about the Letter of Intent (LOI). This is the document that you send to the seller to make an official offer on the practice. There are a lot of key parts that you need to include. This video goes through everything you need to know about an LOI.
🔔 Download the Free Practice Evaluation Worksheet: https://practiceown.com/pdf
📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8
💌 Email me at: chris@practiceown.com
🌍 Website: https://www.practiceown.com
🕠 Timestamps: 0:00 - Making The Offer 1:45 - Sample Letter Of Intent 2:37 - Purchase Price 6:09 - Items Included 7:15 - Items Not Included 7:54 - Acceptance Date 9:04 - Closing Date 10:21 - Due Diligence Period 12:28 - Contingencies 13:33 - Non-Compete Agreement 15:23 - More Contingencies 17:43 - Should The Seller Stay On? 19:26 - Exclusivity Period 20:09 - Earnest Money Deposit 22:46 - Signature Page 24:40 - Next Steps After the LOI