| Shell company | Deal-flow | SPV | Target | At the end of the day |
| LOI | Carve-out | Schedules | Deferred Consideration | Defeasance |
| Closing Date | Pre-signing | TRANSACTION LEGALESE BINGO (free square) | Reps & Warranties | Termination notice |
| Framework Agreement | Ballpark | Revenue Participation | Cross- Collateralized | Shortfall Option |
| Side Letter | NDA | Due Diligence Report | Floating Charge | Timeline |