| 1 | Preliminary agreements: international acquisitions Overview of main documents entered into in early stages of an international acquisition: letter of intent, confidentiality agreement, exclusivity, break fee. Country specific information (updated periodically) for Australia, Canada, China, France, Germany, Hong Kong, Italy, Japan, Mexico, The Netherlands, Russian Federation, Singapore, South Korea, UK and US (New York). | Practice Note: Overview | 12-Sep-2011 |
| 1 | Letter of intent: international acquisitions Standard document letter of intent, by which the parties outline their intention to buy and sell all the shares in a private company with wholly-owned subsidiaries. This standard document is drafted for a single buyer and a single seller. It includes legally binding provisions relating to the exclusivity of negotiations and costs and assumes that a confidentiality agreement has already been entered into. It has been drafted from the perspective of the buyer. This document is also often referred to as a heads of terms, term sheet or memorandum of understanding. This document has been adapted from PLC’s UK version to provide a plain English, jurisdiction-neutral starting point for local counsel to adapt for use in cross-border transactions. | Standard Documents | Maintained |