I am entering a negotiation for the sale of the majority stake in my company. The buyer has sent a 2 page proposal which outlines some terms which they would like to enter negotiations, most of which are fine but there will be a much more rigorous agreement and due diligence will need to be conducted etc. However, at the end of the proposal letter from the purchaser they state that I must sign to agree to these terms laid out in the letter - personally I'm hesitant to sign anything until the final deal is done. Will signing this hinder further negotiations?
Page1&P2: general overview of valuation and some basic terms in non legal speak
P3: Signed by the purchasor
P4 this is where my worry is:
We confirm our acceptance of the terms of the proposal set out in the above letter of which this is a copy.
Signed on behalf of the shareholders of the company Limited
/ / Date
Apologies if I've not been clear or this question has been answered, it's my first pot on this SE website and I didn't really know what to search for.