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Law/Patents - Law: Contract(s) | | Hebrew term or phrase: +מסמך עקרונות | | מסמך עקרונות זה אינו מהווה חוזה ואינו מהווה הצעה, בת קיבול. |
| Jonathan AddessKudoZ activityQuestions: 4 (none open) ( 1 closed without grading) Answers: 59
Israel
| | Local time: 06:50
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| | English translation:Term Sheet / Letter of Intent (LOI) / Memorandum of Understanding (MOU) | Explanation:
In corporate transaction (M&A, investment, etc), a term sheet summarized the conditions of the transaction. Otherwise I would use MOU.
"This term sheet/MOU does not constitute a binding contract and does not constitute an offer that may be accepted as such"
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Note added at 48 mins (2009-10-13 21:49:51 GMT)
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All three terms I provided are definitely used in legal jargon, question is what the document looks like: if it is in the form of a letter addressed from one party to the other I would use LOI; if both parties seem to be equally represented in a letter or if it looks more like a brief contract (כמו זכרון דברים) - use MOU; but if it is neither in the form of a letter nor contract, the document would probably be in the form of a table, and in such case it would be referred to as a Term Sheet. |
| Selected response from:
Jonathan Dictrow
United States
Local time: 23:50
| Grading comment | 4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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14 mins confidence:  
8 mins confidence: peer agreement (net): +3 Term Sheet / Letter of Intent (LOI) / Memorandum of Understanding (MOU)
Explanation:
In corporate transaction (M&A, investment, etc), a term sheet summarized the conditions of the transaction. Otherwise I would use MOU.
"This term sheet/MOU does not constitute a binding contract and does not constitute an offer that may be accepted as such"
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Note added at 48 mins (2009-10-13 21:49:51 GMT)
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All three terms I provided are definitely used in legal jargon, question is what the document looks like: if it is in the form of a letter addressed from one party to the other I would use LOI; if both parties seem to be equally represented in a letter or if it looks more like a brief contract (כמו זכרון דברים) - use MOU; but if it is neither in the form of a letter nor contract, the document would probably be in the form of a table, and in such case it would be referred to as a Term Sheet.
| Jonathan Dictrow
United States
Local time: 23:50
Specializes in field
Native speaker of:  Hebrew, English
PRO pts in category: 15
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The translation workplace 
