M&A Foundations · glossary
The contract between a client and each of its advisers — bank, law firm, accountants — setting out scope, fees, liability caps and (for banks) success fees. The first document on many deals, and worth reading more carefully than most clients do. Chapter 2
Explained in Chapter 2, Who’s Who on a Deal, of M&A Foundations.
The main page for this term is Engagement letter, in Legal Due Diligence.
The winner signs an engagement letter — the adviser’s own contract with the client, and a document juniors should learn to read, because its terms surface all deal long.Read Chapter 2, Who’s Who on a Deal →
Every chapter of M&A Foundations is free to read, including the full training share purchase agreement.
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Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open M&A Foundations → · All terms A–Z →