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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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
This article discusses pre-negotiated term sheets as a way facility planners can improve contract negotiations and ensure the long-term effectiveness of their facility operations.