This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Term sheet" – news · newspapers · books · scholar · JSTOR(May 2008) (Learn how and when to remove this message)
A term sheet is a bullet-point document outlining the material terms and conditions of a potential business agreement, establishing the basis for future negotiations between a seller and buyer. It is usually the first documented evidence of a possible acquisition.[1] It may be either binding or non-binding.
After a term sheet has been "executed", it guides legal counsel in the preparation of a proposed "definitive agreement". It then guides, but is not necessarily binding, as the signatories negotiate, usually with legal counsel, the final terms of their agreement.
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. The difference between the two is slight and mostly a matter of style: an LOI is typically written in letter form and focuses on the parties' intentions; a term sheet skips most of the formalities and lists deal terms in bullet-point or similar format. There is an implication that an LOI only refers to the final form. A term sheet may be a proposal, not an agreed-to document.
^Bragg, Steven (2009). Mergers & Acquisitions: A Condensed Practitioner's Guide. New Jersey: John Wiley & Sons. p. 83. ISBN 9780470398944.
A termsheet is a bullet-point document outlining the material terms and conditions of a potential business agreement, establishing the basis for future...
notated music using a synthesizer or virtual instruments. The use of the term "sheet" is intended to differentiate written or printed forms of music from...
size. Sheet resistance is applicable to two-dimensional systems in which thin films are considered two-dimensional entities. When the termsheet resistance...
It is commonly taught in Scouting. The term "sheet bend" derives from its use bending ropes to sails (sheets). It is mentioned in David Steel's 1794...
comparison. A personal balance sheet lists current assets such as cash in checking accounts and savings accounts, long-term assets such as common stock and...
Look up sheet or three sheets to the wind in Wiktionary, the free dictionary. Sheet or Sheets may refer to: Bed sheet, a rectangular piece of cloth used...
termed an ice cap. An ice cap will typically feed a series of glaciers around its periphery. Although the surface is cold, the base of an ice sheet is...
legally binding agreement. The concept is similar to a heads of agreement, termsheet or memorandum of understanding. Merger and acquisition agreements, joint...
onboarding tool to list your property on OYO. In November 2015, Oyo signed a termsheet to acquire Zostel's Zo Rooms in an all-stock deal which would give Zostel's...
exterior façades. Sheet metal ceilings were only popularly known as "tin ceilings" later as manufacturers of the period did not use the term. The popularity...
2015 TermSheet -- Monday, October 24, Francisco Partners, October 24, 2016 TermSheet -- Tuesday, October 3, Fortune, October 3, 2017 TermSheet -- Tuesday...
2019. Retrieved August 18, 2021. "TermSheet -- Wednesday, December 12". Fortune. Retrieved March 31, 2020. "TermSheet: A Year of Mega-Deals", Fortune...
long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its...
(2007-06-20). "China's Anta Sports IPO, in Hong Kong, seeks up to $406 mln: termsheet". MarketWatch. Retrieved 2008-10-04. Bei Hu (2007-06-20). "Anta Plans...
with a copy of the script being sent to all major studios along with a termsheet. They had a 24-hour window to decide whether to produce the movie with...
which is placed above a bottom sheet and below other bedding. The term bed sheet was first used in the 15th century. Bed sheets were traditionally white and...
On January 6, 2011, Audiovox announced that the company had signed a "termsheet to purchase all the shares of Klipsch Group Inc". The sale was completed...
as real. Another term sometimes used for these publications is "rag sheet." Many wrestlers in the past resented so-called "dirt sheets" since they felt...
Once the parties agree on terms, they sign the termsheet as an expression of commitment. Signed termsheet. These are usually non-binding and commit the...
dictionary. Style sheet may refer to: Style guide, often called "style sheet" synonymously inside the publishing industry Style sheet (desktop publishing)...
Kosmix" The Economic Times. 30 October 2007. Retrieved on 17 March 2009. "TermSheet - 17 February 2017". Fortune. 17 February 2017. Retrieved 14 June 2017...
Global Information