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2. Letter of intent - Wikipedia

   en.wikipedia.org/wiki/Letter_of_intent

   Often it is necessary to officially begin the process of a purchase, and allow all peripheral interested parties to begin any other processes, with a letter of intent. For example, a multimillion-dollar loan for a commercial property may require a letter of intent before a financial institution will allow personnel to spend time working on said ...

3. Term sheet - Wikipedia

   en.wikipedia.org/wiki/Term_sheet

   The difference between the two is slight and mostly a matter of style: an LOI is typically written in letter form and focuses on the parties' intentions; a term sheet skips most of the formalities and lists deal terms in bullet-point or similar format. There is an implication that an LOI only refers to the final form.

4. Hyde v Wrench - Wikipedia

   en.wikipedia.org/wiki/Hyde_v_Wrench

   Hyde offered £950 in his letter by 8 June, and after examining the offer Wrench refused to accept, and informed Hyde of this on 27 June. [2] On the 29th Hyde agreed to buy the farm for £1000 without any additional agreement from Wrench, and after Wrench refused to sell the farm to him he sued for breach of contract.

5. Elderly and cash-strapped, a couple consider a proposal to ...

   www.aol.com/news/elderly-cash-strapped-couple...

   We presently have property taxes deferred, at 6% interest. The house is in disrepair. We have two neighbors who are willing to buy the house after one or both of us die.

6. Offer and acceptance - Wikipedia

   en.wikipedia.org/wiki/Offer_and_acceptance

   In the former case the question is "what did the parties intend by the words used in the agreement which they made": in the latter, the questions are (i) "was there an proposal (or "offer") made by one party which was capable of being accepted by the other" and, if so, (ii) "was that proposal accepted by the party to whom it was made". [32]

7. Proposal (business) - Wikipedia

   en.wikipedia.org/wiki/Proposal_(business)

   A business proposal is a written offer from a seller to a prospective sponsor. Business proposals are often a key step in a complex sales process, where a buyer considers more than price in a purchase.