Rhode Island M&A Transaction Term Sheet Guideline

State:
Multi-State
Control #:
US-TC0407
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Description

This is a checklist of considerations for a mergers and acquisitions transaction term sheet. It is a point-by-point reminder to consider whether it is a stock or asset sale, points on closing and warranties, covenants, indemnification, and other areas.

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FAQ

Rhode Island covers an area of 1,214 square miles (3,144 km2) within the New England region of the Northeastern United States and is bordered on the north and east by Massachusetts, on the west by Connecticut, and on the south by Rhode Island Sound and the Atlantic Ocean.

The colony was first named "Roodt Eylandt" by Dutch trader Adriaen Block (1567?1627), who had explored that area for the Netherlands. The name means "red island" and it refers to the red clay that Block reported there.

The source of the modern name is unclear: it either was given by colonist Roger Williams, thinking it was the island (Block Island) the Italian navigator Giovanni da Verrazzano had seen in 1524, or it was named by Dutch explorer Adriaen Block in 1614.

Another explanation is that Dutch explorer Adriaen Block called the land Roodt Eylandt, meaning ?red island,? because of the red clay at its shore?and the name later evolved into Rhode Island. Rhode Island is nicknamed the Ocean State because it has more than 400 miles of coastline.

Here's what Rhode Island is known for: Beaches. One of Rhode Island's many beaches. ... Providence. Downtown Providence, Rhode Island. ... Mansions. Ochre Court, one of the many mansions in Newport, R.I. ... The smallest state in the country. ... The Ocean State. ... Brown University. ... Rhode Island accent and slang. ... Clams.

?Little Rhody? is a traditional nickname for Rhode Island, in reference to the state's small size. Variations include ?Little Rhodie,? ?L'il Rhody,? and ?Little Rhode.? The nickname ?Plantation State? is derived from the states official full name ?The State of Rhode Island and Providence Plantations.?

Ing to one of the most renowned historians of the twentieth century, Dr. Edmund Morgan, Roger Williams wanted to make sure that Rhode Island and Providence Plantations became a place in which people from any background, religion, or nationality could make their own way.

It included the state's original name, State of Rhode Island and Providence Plantations. However in 2020, Rhode Islanders voted to remove Providence Plantations from the State name, so the current seal says only: State of Rhode Island.

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Rhode Island M&A Transaction Term Sheet Guideline