HOT – Heads of Terms / LOI – Letter of Intent / Offer Letter Often referred to by different names, this document sets out the key terms of the deal before it is actually formally signed, including price and the
| less than a minute read
Understanding some of the key language (and documents) used in M&A transactions

/Passle/684aabd0876e0bc0c5ee8005/SearchServiceImages/2026-05-21-18-10-47-423-6a0f4aa79c1e789ba606a86a.jpg)
/Passle/684aabd0876e0bc0c5ee8005/SearchServiceImages/2026-05-21-18-10-09-066-6a0f4a81ce6428ecc68adcd1.jpg)
/Passle/684aabd0876e0bc0c5ee8005/SearchServiceImages/2026-05-21-18-08-15-719-6a0f4a0fce6428ecc68ad794.jpg)
/Passle/684aabd0876e0bc0c5ee8005/SearchServiceImages/2026-05-21-18-07-18-316-6a0f49d60e3b70e84709f102.jpg)