Driving Business Advantage

FOLEY HOAG LLP Driving Business Advantage What is a term sheet? ▪aka- "Letter of Intent," "Memorandum of Understanding,” “Agreement in Principle" ■ First major step in transaction, when material terms of deal are negotiated and agreed to - Focus on the deal is at its maximum - Gives road map for lawyers to draft actual docs More detail generally better (especially for the company) © 2014 Foley Hoag LLP. All Rights Reserved. 4

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