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2. Term sheet - Wikipedia

   en.wikipedia.org/wiki/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 ]

3. Right of first refusal - Wikipedia

   en.wikipedia.org/wiki/Right_of_first_refusal

   Offer and acceptance terms: specific deadlines, procedures, and forms may be required. For example, Abe must give Carl a "notice of sale." Carl has 30 days to accept or reject, with failure to respond counting as rejection. Carl must then close the transaction within that time, or that counts as a failed attempt to exercise.

4. Real estate transaction - Wikipedia

   en.wikipedia.org/wiki/Real_estate_transaction

   A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g. in the case of conveyance one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...

5. What is a seller net sheet? - AOL

   www.aol.com/finance/seller-net-sheet-145940582.html

   Net sheets are typically prepared by real estate agents. Though they contain a lot of the same information, a net sheet is not the same as the legal document known as the closing statement.

6. Heads of terms - Wikipedia

   en.wikipedia.org/wiki/Heads_of_terms

   A set of heads of agreement, heads of terms, or letter of intent is a non-binding document outlining the main issues relevant to a tentative sale, partnership, or other agreement. [ 1 ] A heads of agreement document will only be enforceable when it is adopted into a parent contract and is subsequently agreed upon, unless otherwise stated.

7. Closing (sales) - Wikipedia

   en.wikipedia.org/wiki/Closing_(sales)

   Closing is a sales term which refers to the process of making a sale. The sales sense springs from real estate, where closing is the final step of a transaction. In sales, it is used more generally to mean achievement of the desired outcome, which may be an exchange of money or acquiring a signature. Salespeople are often taught to think of ...