A short, anonymous sell-side summary used to gauge buyer interest <em>before any NDA is signed</em> — the first document in a sale process.
The seller's itemized exceptions to its representations — the document that <em>qualifies every clean rep</em> with the messy reality behind it.
The structured list of folders and documents inside a data room — the table of contents that dictates how a buyer reads a target and what they can <em>find</em>.
A mostly non-binding document setting out a buyer's proposed terms — price, structure, exclusivity — that frames the deal before <em>confirmatory</em> diligence.
The deep, post-LOI phase of diligence — under exclusivity — where a buyer verifies the assumptions behind its price before signing a <em>definitive</em> agreement.
A ring-fenced group — often outside advisers — allowed to review competitively sensitive data the deal principals must not see until <em>closing</em>.