Term sheet and mandate phase in loan transactions
Term sheet and mandate phase in loan transactions

The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:

  • Term sheet and mandate phase in loan transactions
  • Timing
  • What happens during this phase?
  • Key tasks for lawyers within this phase
  • Who does what?

Timing

Loan transactions typically start with the term sheet and mandate phase. During this phase the parties to a potential transaction will enter into confidentiality arrangements, agree the key terms of the transaction and establish their roles in the deal.

The length of this phase will vary considerably, depending on the complexity and nature of the deal.

What happens during this phase?

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