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  2. Term sheet - Wikipedia

    en.wikipedia.org/wiki/Term_sheet

    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.

  3. Boilerplate text - Wikipedia

    en.wikipedia.org/wiki/Boilerplate_text

    In contract law, the term "boilerplate language" or "boilerplate clause" describes the parts of a contract that are considered standard.A standard form contract or boilerplate contract is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed ...

  4. Business correspondence - Wikipedia

    en.wikipedia.org/wiki/Business_correspondence

    Business letters are the most formal method of communication following specific formats. They are addressed to a particular person or organization. A good business letter follows the seven C's of communication. The different types of business letters used based on their context are as follows, Letters of inquiry; Letters of claim/complaints

  5. Memorandum of understanding - Wikipedia

    en.wikipedia.org/wiki/Memorandum_of_understanding

    In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).

  6. Procuration - Wikipedia

    en.wikipedia.org/wiki/Procuration

    A common usage of per procurationem in the English-speaking world occurs in business letters, which are often signed on behalf of another person. For example, given a secretary authorized to sign a letter on behalf of the president of a company, the signature takes the form: p.p. Secretary's Signature President's Name. or President's Name

  7. Ketubah - Wikipedia

    en.wikipedia.org/wiki/Ketubah

    Ketubah. An illuminated ketubah. A ketubah ( / kɛtuːˈbɑː /; [1] Hebrew: כְּתוּבָּה) is a Jewish marriage contract. [2] It is considered an integral part of a traditional Jewish marriage, and outlines the rights and responsibilities of the groom, in relation to the bride. In modern practice, the ketubah has no agreed monetary ...

  8. Interpreting contracts in English law - Wikipedia

    en.wikipedia.org/wiki/Interpreting_contracts_in...

    Interpreting contracts in English law. Interpreting contracts in English law is an area of English contract law, which concerns how the courts decide what an agreement means. It is settled law that the process is based on the objective view of a reasonable person, given the context in which the contracting parties made their agreement.

  9. Letter of understanding - Wikipedia

    en.wikipedia.org/wiki/Letter_of_understanding

    A Letter of Understanding ( LOU) is a formal text that sums up the terms of an undertakings of a contract which may have been negotiated up to this point only in spoken form or otherwise informally. It reviews the terms of an agreement for a service, a project or a deal and is often written as a step before a more detailed contract is issued. [1]

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