Document background
The Acquisition Term Sheet is a critical document used in the early stages of M&A transactions under Danish law to memorialize the key terms agreed between parties. It serves as a foundation document that precedes the more detailed definitive agreements, typically used after initial discussions have yielded basic agreement on principal terms but before comprehensive due diligence and detailed contract drafting commence. This document is particularly important in the Danish business context, where it helps ensure alignment with local corporate law requirements and market practices while providing a clear framework for further negotiations. The term sheet includes essential elements such as transaction structure, purchase price, payment terms, conditions precedent, and timing, while typically maintaining non-binding status except for specific provisions like confidentiality and exclusivity. It's a crucial tool for efficient deal progression in the Danish M&A landscape.
