Setting the Stage: Key Elements of M&A Preliminary Agreements

In the early stages of a private M&A deal, parties draft a letter of intent—also known as a memorandum of understanding or "heads of agreement"—to outline the key terms of the proposed transaction. This document ensures both parties share a mutual understanding of essential terms before investing time and resources into drafting definitive agreements. Explore the crucial elements to include, such as exclusivity and binding provisions, with this comprehensive practice note.

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Related Content

• Letter of Intent (Asset Acquisition)
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• Cross-Border Unilateral Confidentiality and Non-Disclosure Agreement
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• Exclusivity (No-Shop) Agreements in Private M&A Deals
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