Should I sign a non-binding Letter Of Intent if I think it has questionable info on it?
I'm interested in purchasing an existing business and my real estate broker stated seller is requesting that I sign a non-binding Letter of Intent. I am afraid to sign due to questionable info. The non-binding LOI states a sales price and earnest money figures that I am not in agreement with. This sales price and earnest money is what my real estate broker and the seller have discussed. I am confused because sources on the internet state that although the LOI is stated to be non-binding, I am still submitting the information as agreeable in "good faith." Does this mean that at the time of contract, I will have to place my earnest monies up front due to the signed non- binding LOI?