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cautiousoptimism

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cautiousoptimism

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Saturday, 07/02/2022 11:25:49 AM

Saturday, July 02, 2022 11:25:49 AM

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Can a Term Sheet be Legally Binding?
I found the [link] to be very informative.

How Can a Term Sheet be Legally Binding?
Although a term sheet is not generally considered to be legally binding, there are certain conditions in the term sheet that may be legally binding once signed. An investor may choose to use binding terms for the duration of time once the term sheet is signed.

Some examples of binding terms in a terms sheet may be related to:

Exclusivity
Confidentiality
Closing costs
Negotiation terms
Use of binding language


https://westchesterangels.com/can-a-term-sheet-be-legally-binding/

Insinuations, innuendos, suppositions, and allegations (none=facts) NOT HELPFUL to anyone.
due dil·i·gence
a comprehensive appraisal of a business undertaken by a prospective buyer, to establish and evaluate its commercial potential. Do it.

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