Which of the following is not a document required to close the deal?
A)Letter of intent
B)Bill of sale
C)Asset purchase agreement
D)Non-compete agreement

Question

Quizplus · Accepted Answer

A letter of intent is not a binding document and is often used to outline the terms of a potential agreement. It is typically replaced by a more formal agreement or contract, such as the asset purchase agreement or bill of sale, which are necessary to close the deal. The non-compete agreement is also an important document that may be required to protect the interests of the buyer or seller post-transaction.

Which of the Following Is Not a Document Required to Close