The Acquisition Term Sheet is a crucial document in the early stages of a merger or acquisition transaction in New Zealand. It is typically prepared after initial discussions between parties but before detailed due diligence and final documentation. The document captures the key commercial and legal terms agreed in principle, providing a framework for the transaction while allowing flexibility for detailed negotiations. While primarily non-binding, certain provisions such as confidentiality, exclusivity, and costs are typically binding. The document must be drafted in accordance with New Zealand law and commercial practice, particularly considering requirements under the Companies Act 1993, Commerce Act 1986, and where applicable, the Overseas Investment Act 2005. It serves as a roadmap for lawyers to prepare detailed transaction documents and for parties to obtain necessary approvals and financing.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the buyer, seller, and target company/business
2. Background: Brief context of the proposed transaction and purpose of the term sheet
3. Transaction Overview: High-level description of the proposed transaction structure and key objectives
4. Purchase Price: Details of the proposed purchase price, including any adjustments, earn-outs, or deferred payments
5. Payment Terms: Structure and timing of payments, including any deposit requirements
6. Due Diligence: Scope, timeline, and process for due diligence investigation
7. Key Conditions Precedent: Essential conditions that must be met before the transaction can proceed
8. Timeline: Key dates and milestones for the transaction
9. Exclusivity: Terms of exclusive negotiation period and any break fees
10. Confidentiality: Obligations regarding confidential information
11. Costs: Allocation of transaction costs between parties
12. Binding Effect: Clarification of which provisions are binding and non-binding
1. Management and Employment: Include when key management retention or employment terms are critical to the transaction
2. Intellectual Property: Include for technology companies or where IP is a significant asset
3. Real Estate: Include when property assets are material to the transaction
4. Environmental Matters: Include for industries with significant environmental considerations
5. Regulatory Approvals: Include when specific regulatory clearances are required
6. Post-Closing Covenants: Include when specific post-closing obligations are critical
7. Transition Services: Include when post-closing operational support is required
8. Overseas Investment Conditions: Include when foreign investment approval is required
1. Assets Schedule: List of key assets included in the transaction
2. Price Calculation: Detailed methodology for calculating purchase price adjustments
3. Key Contracts: List of material contracts requiring assignment or novation
4. Required Consents: List of third-party consents needed for the transaction
5. Due Diligence Requirements: Detailed list of due diligence requirements and documentation
6. Timetable: Detailed transaction timeline with key dates and responsibilities
Find the exact document you need
Property Purchase Letter Of Intent
A preliminary non-binding document used in New Zealand property transactions to outline proposed purchase terms and initiate formal negotiations.
Download
Non Disclosure Agreement Business Acquisition
A New Zealand-compliant Non-Disclosure Agreement designed to protect confidential information during business acquisition processes and due diligence investigations.
Download
Merger And Acquisition Agreement
A New Zealand law-governed agreement detailing terms and conditions for corporate mergers or acquisitions, including purchase mechanics and regulatory compliance requirements.
Download
Letter Of Intent Share Purchase
A preliminary document under New Zealand law outlining proposed terms and conditions for a share purchase transaction, serving as a framework for future negotiations.
Download
Letter Of Intent Merger
A preliminary document under New Zealand law outlining the proposed terms and framework for a merger between two companies, serving as a basis for negotiations and due diligence.
Download
Land Acquisition Agreement
A legal agreement governing property acquisition and transfer under New Zealand law, establishing terms and conditions for land purchase transactions.
Download
Business Acquisition Letter Of Intent
A preliminary document under New Zealand law outlining the proposed terms and conditions for a business acquisition, serving as a framework for negotiation and future definitive agreements.
Download
Business Acquisition Agreement
A New Zealand law-governed agreement for the sale and purchase of a business, including terms of sale, warranties, and transfer obligations.
Download
Acquisition Term Sheet
A preliminary document outlining key terms and conditions for a proposed business acquisition in New Zealand, serving as a basis for negotiation and detailed transaction documents.
Download
Share Acquisition Agreement
A New Zealand-governed agreement detailing the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion requirements.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it