Mergers & Acquisitions

Resources: Glossary

Don’t be confused or intimidated by any terms or abbreviations in the M&A world. You’ll find answers here.

Term Sheet


A document used to outline the key terms of the purchase or sale of a business.

See Also

Letter of intent.


After a term sheet has been signed, it serves as a guide for attorneys in the preparation of a letter of intent or purchase agreement. The purpose of a term sheet is to provide direction to the parties to draft the final agreements, but it is not necessarily binding on the parties. Some parties also use the phrases term sheet and letter of intent interchangeably.

Related Resources

M&A Basics | The Term Sheet