Oct 13, 2009 21:01
15 yrs ago
13 viewers *
Hebrew term

+מסמך עקרונות

Hebrew to English Law/Patents Law: Contract(s)
מסמך עקרונות זה אינו מהווה חוזה ואינו מהווה הצעה, בת קיבול.

Proposed translations

+4
8 mins
Selected

Term Sheet / Letter of Intent (LOI) / Memorandum of Understanding (MOU)

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.
Peer comment(s):

agree Lingopro : (to my knowledge) LOI is commonly used.
33 mins
Thank you Lingopro
agree Simon Charass : With Lingopro. LOI
42 mins
Thank you Simon Charass
agree Gad Kohenov : +
1 hr
Thank you desertfox
agree Yonathan Gormezano : Depends on the context: Can also be "Statement of Principles", implying that commitment is required from both parties. See the definition in the Cambridge Dictionary at https://dictionary.cambridge.org/dictionary/english/statemen...
3416 days
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4 KudoZ points awarded for this answer.
14 mins

term sheet

Concurring with Jonathan's translation. I've seen 'term sheet' used for this phrase.
Peer comment(s):

neutral Jonathan Dictrow : thank you J. Lerner
1 day 48 mins
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