Letter of Intent (US Style, Stock Acquisitions) (Jurisdiction Neutral) | Practical Law
A letter of intent (also referred to as a memorandum of understanding, term sheet, or heads of terms) for the purchase and sale of all the outstanding capital stock of a private company. This Standard Document provides a US-style, jurisdiction-neutral starting point for counsel to customize and use in cross-border transactions and assumes a single corporate buyer and a single corporate seller. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.