Glossary - Heads of terms

Description

A preliminary document that outlines the main commercial terms of a proposed business sale before the final legal agreements are drafted. It typically covers the valuation, deal structure, payment terms, exclusivity period, and key conditions of the transaction.

Alternate Names

  • Letter of Intent (LOI)
  • Memorandum of Understanding (MOU)
  • Share Purchase Agreement (SPA)
  • Exclusivity Agreement
  • Term Sheet

References

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