Nov 29, 2016 · Which is Preferred: A Term Sheet or a Letter of Intent? A term sheet and a letter of intent will both include preliminary terms for the proposed transaction with the understanding that the buyer will conduct due diligence of the seller and that later documents signed at closing will include the final, binding terms of the actual agreement. all of Seller's business ("Business") and all of its assets ("Acquisition Assets"), including: • those assets reflected on the <Date> balance sheet of Seller ("Acquisition Balance Sheet"), excluding any disposed of in the ordinary course of business between the date of the Acquisition Balance Sheet and the Closing, Term sheets are legal documents that define the investment parameters to be adhered to by parties in a business agreement. Investors can influence investments far beyond the time that their check is cashed. A term sheet will clarify this level of influence. As with contract offers for employment ... A company wishes to acquire a particular target company for a variety of reasons. After much negotiation, a purchase price of $30B is agreed upon by both sides. As of the acquisition date, the target company reported net identifiable assets of $8B on its own balance sheet.