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A simple agreement for future equity (SAFE) is an agreement between an investor and a company that provides rights to the investor for future equity in the company similar to a warrant, except without determining a specific price per share at the time of the initial investment.
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 .
Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...
Funding opportunity numbers (FON) is a number that a federal agency assigns to its grant announcement. [7]FON are currently unique within the Grants.Gov System. (An enhancement was recently completed which NO longer allows duplicate funding opportunity numbers within the system .)
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).
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Transfer provisions in syndicated loan agreement set up procedures under which all the parties to the loan agreement agree that if a lender and a transferee (i) agree upon a transfer of all or part of the lender’s interest (ii) record the agreement but not the price or other ancillary matters which are to be dealt with separately and (iii ...
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