This is a list of some points that should be considered for inclusion in a term sheet or letter of intent. It includes general drafting considerations, structure of the transaction, due diligence provisions, confidentiality, and other areas.
Arizona Term Sheets and Letters of Intent
Category:
State:
Multi-State
Control #:
US-TC0406
Format:
Word;
PDF;
Rich Text
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How to fill out Term Sheets And Letters Of Intent?
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FAQ
Term sheets are very similar to "letters of intent" (LOI) in that they are both preliminary, mostly non-binding documents meant to record two or more parties' intentions to enter into a future agreement based on specified (but incomplete or preliminary) terms.
Letters of intent and term sheets are very similar. Both documents outline an agreement that two or more parties expect to make. A letter of intent, as the name implies, is written in the form of a letter whereas a term sheet is more often a list of the important parts of the anticipated contract or agreement.
Similar Documents to Term Sheets The main difference between an LOI and a term sheet is stylistic; the former is written as a formal letter while the latter is composed of bullet points outlining the terms.