M&A / Finance / Comercial | Term Sheet, MOU and LOI, When to Use in Brazil?
The kick-off of complex corporate, financial, and commercial transactions with Brazilian parties must be made with the formalization of preliminary contracts, such as Term Sheet, Memorandum of Understanding (MOU) and Letter of Intent (LOI). A recurring question is when to use either type of legal documents. 1. Term Sheet: Although it is not a