Document background
An Acquisition Term Sheet is typically used in the early stages of a merger or acquisition transaction to document the fundamental understanding between parties. Under Singapore law, this document serves as a roadmap for the transaction, capturing key commercial terms while usually remaining non-binding except for certain provisions like confidentiality and exclusivity. The term sheet helps parties align their expectations and forms the basis for due diligence and definitive agreements, considering Singapore's regulatory framework including the Companies Act, Securities and Futures Act, and Competition Act requirements.
