In this section of the Core Materials, we will begin by covering some of the basic agreements both Buyer and Seller will encounter in the transaction of a business. First are Confidentiality Agreements and strategies for the Buyer and Seller. Next, is exclusivity with a Buyer and what that means for both Buyer and Seller. Letters of Intent (LOI) what they are, and are not, and strategies. The two levels of due diligence for a Buyer and strategies for both the Buyer and the Seller. The most important agreement between the Parties—the Purchase Agreement in the form of either an Asset Purchase Agreement (APA) or Stock or Membership Purchase Agreement (SPA/MPA) and strategy. Finally, due diligence post signing of the definitive Purchase Agreement.