| Carve-out | Timeline | Shell company | Ballpark | Due Diligence Report |
| Structure | SPV | Asset Purchase | Of the essence | Reps & Warranties |
| Deferred Consideration | Framework Agreement | TRANSACTION LEGALESE BINGO (free square) | Pre-signing | Securitization |
| Affiliate Entity | Deal Memo | Cross- Collateralized | deal-breaker | Closing Date |
| Shortfall Option | Call Option | At the end of the day | Target | outstanding issues |
| Pre-signing | Closing Date | LOI | Due Diligence Report | Call Option |
| Structure | Asset-backed | Documentation | Side Letter | Cross- Collateralized |
| Of the essence | Termination notice | TRANSACTION LEGALESE BINGO (free square) | Framework Agreement | NDA |
| SPV | Revenue Participation | Schedules | Timeline | Signing |
| deal-breaker | Reps & Warranties | Defeasance | Shell company | Deferred Consideration |