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Term sheet. 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.
A letter of intent ( LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement, term sheet or memorandum of understanding. Merger and acquisition agreements, [ 1] joint venture agreements ...
Wills, trustsand estates. In the common law tradition, testamentary capacity is the legal term of art used to describe a person's legal and mental ability to make or alter a valid will. This concept has also been called sound mind and memory or disposing mind and memory .
Letter of comfort (contract law) A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not ...
In a signed "letter of intent," he identified President-elect Obama as a "domestic enemy" and the target of Brittingham's planned assassination plot. [117] A search of his barracks uncovered a journal containing white supremacist material. [118] In June 2010, Brittingham was sentenced to 100 months in federal prison. [119]
Intent (military) For military strategy, intent is the desired outcome of a military operation. It is a key concept in 21st century military operations and is a vital element to facilitate subordinates' initiative [ 1] and collaboration and cooperation [ 2] amongst team members in joint operations.
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