Term Sheet

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Term Sheet

A document indicating a corporation's intent to undertake a merger or acquisition. A term sheet outlines the details of the merger or acquisition, including the purchase price, and whether it will be paid in cash, stock, and/or debt. It is important to note that a term sheet it not legally binding and may not be enforced. It is similar to a letter of intent, but it is usually less formal. It may also indicate a company's unilateral intentions, rather than what two companies have agreed to say.
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This potential transaction follows the company's recent announcement of its entry into non-binding term sheets to acquire other licensed cannabis entities in Colorado.
US-based regulated cannabis industry resource General Cannabis Corp (OTCQX: CANN) has entered into a non-binding term sheet to acquire substantially all of the assets of a licensed recreational cannabis retailer in Denver, Colorado, the company said.
SHIPTERM includes many provisions common to generic term sheets. Its distinguishing factor is the inclusion of bespoke maritime elements.
Most banks and financial institutions in the region have their own in-house term sheets, many of which seek to incorporate standard LMA or APLMA provisions.
Here are five common problems in term sheets and best practice fixes for the parties and their brokers to adopt: Expressing base years for rent escalations
Students will recognize that venture capitalist negotiate term sheets many times as an integral part of their business model, but entrepreneurs negotiate a term sheet only a few time during the entire life-cycle of their company.
GreenShift Corporation today announced term sheets with several corn ethanol producers that correspond to more than 15 million gallons per year of extracted corn oil.
SAN FRANCISCO--BASED LOOPNET HAS announced it has launched FinanceNow, a new service that expedites property sales by integrating detailed financial term sheets and real-time loan rate information with LoopNet's commercial property listings.
When discussing term sheets, panelist Wallace Schwartz, partner at Kasowitz, Benson, Torres & Friedman LLP said he is a fan of shorter term sheets.
General Cannabis announced that it has entered into a non-binding term sheet to acquire substantially all of the assets of a licensed recreational cannabis retailer in Denver, Colorado.
After a few weeks of pitching, we had a term sheet from an incredible VC group and were only a few weeks away from landing the deal.
To streamline the contract process, pre-negotiating a term sheet among key players is gaining popularity as a way to make contract negotiations more efficient.