The final sales contract replaces all prior agreements and understandings, both orally and in writing between buyer and seller. A CCA is sometimes referred to as a “share purchase agreement” or a “definitive merger agreement.” What type of agreement fits your business, all agreements should contain: Declaration of Intent (LOI) – A memorandum of understanding will be proposed at some point, often without a serious deposit of money. Demanding buyers invest heavily in professional consulting fees during due diligence, and most of them feel that there is no need to make a serious deposit of money. In addition, almost all mid-range buyers are either companies or financial buyers, such as.B private equity groups, and most are credible and can be easily searched. Declarations of intent are generally not binding.