{"iri":"https://lexicon.financial/ext/LetterOfIntent","label":"Letter of Intent","definition":"A non-binding (mostly) document in which a prospective buyer outlines the proposed terms of an acquisition — price, structure, financing contingencies, exclusivity period, due diligence window. Typically signed after initial diligence but before the purchase agreement. M&A LOI is a close cousin of FIBO's `TermSheet` (general securities-issuance term-summary) but with M&A-specific provisions (exclusivity, no-shop).","license":"https://spdx.org/licenses/MIT","source":"ext","source_url":"https://lexicon.financial/ext/"}