At this point we have spent extensive time together. We have a mutual understanding of the proposed transaction and a comfort level with each other.
The process becomes more complex and more formal.
Additional information is exchanged, and additional site visit may take place. As Weston Delray Group continues to study the business, and you learn more about Weston Delray, further discussions regarding company valuation and transaction structure occur.
It is not unusual that any term sheet previously issued will be subject to change as the process moves forward and the sides exchange ideas.
Letter of Intent
A Letter of Intent, or “LOI”, is a formal, written document indicating the terms a buyer is offering a seller in a proposed acquisition or investment. An LOI states a serious intent, by both parties, to carry out the proposed transaction. Weston Delray Group is very selective about issuing LOIs because they indicate that we will be dedicating substantial resources to acquiring your business under the terms outlined in the LOI.