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We translate the letter of intent (LOI), the term sheet and the documents from the preliminary stage of a deal, taking particular care over which clauses are binding and which are not. For companies, funds and advisers negotiating in several languages.
A letter of intent (LOI) and a term sheet are the documents in which the parties set down in writing the key terms of a deal before the definitive contract is drafted: indicative price, deal structure, timetable, conditions and exclusivity. Alongside them come equivalent instruments such as the memorandum of understanding (MOU) or heads of terms. The most delicate part of translating them is their hybrid nature: even if the document as a whole is "non-binding", some clauses do bind — confidentiality, exclusivity, allocation of costs, governing law — and nuances such as "subject to contract" change their effect. Getting that boundary wrong in translation can commit a party to more than intended. They are the preliminary stage of a mergers and acquisitions deal or an investment; here we focus on these opening documents.
The document that formalises the intention to negotiate and sets the general framework of the deal before the contract.
The summary of terms that sets out, point by point, the financial and legal conditions agreed on a preliminary basis.
Memorandums of understanding and equivalent documents recording preliminary agreements between the parties.
Confidentiality, exclusivity, non-solicitation, allocation of costs and governing law: what does bind despite being preliminary.
Translators specialising in business law who know the language of the preliminary stage and precisely distinguish what is binding from what is not. We review each clause and its effect before delivery, making sure the document commits the parties to exactly the same in both languages. Personalised service from start to finish.
Select the counterparty's language and tell us the type of deal. English is the most common in international LOIs and term sheets; also German, French and other combinations. If you don't see yours, just ask.
We translate the documents that kick off a deal or an investment, respecting their structure, their cross-references and, above all, the effect of each clause. We keep the terminology consistent with the definitive contract that will follow.
Letter of intent formalising the intention to negotiate the deal.
Summary of the agreed financial and legal conditions.
Preliminary agreements between the parties before the final contract.
Documents setting out essential terms, common in Anglo-Saxon deals.
Exclusivity and non-solicitation agreements during the negotiation.
Binding and non-binding offers and investment proposals.
The NDA that usually accompanies or precedes the letter of intent.
The definitive contract and the rest of the deal file.
An LOI or a term sheet is usually presented as "non-binding", but it is almost never entirely so: some clauses bind from signature. Translating that boundary correctly is the most delicate part of the document, and that is exactly where we focus.
It records the intention and the terms agreed on a preliminary basis, without any obligation to sign the definitive contract. We take care with the "subject to contract" nuance so it does not commit the parties to more than intended.
Clauses that do have legal effect even though the document is preliminary. A translation error here can commit a party to more than it thinks.
A workflow with legal judgement and a quick turnaround, so as not to slow down the negotiation: review of the document, clause-by-clause translation and a final check of what binds and what does not. We confirm whether you need the sworn or simple format.
The LOI or term sheet in Word or PDF; if it is bilingual, tell us which language prevails.
NowWe confirm languages, how the document will be used and whether it needs a sworn or simple translation.
15 minDeal language, binding/non-binding distinction and a final review.
Depending on volumeIn the format you need; with MAEC signature and stamp if it is a sworn translation.
GuaranteedThere is no single rate, though an LOI or a term sheet is usually a short document. The price is worked out from these four factors; that is why it helps for us to see the document before giving you a firm figure.
Send us these four details and we reply with the price, a feasible turnaround and the recommended delivery.
The letter of intent and the term sheet are almost always translated as a simple translation, because they are negotiation documents between the parties. Only if they end up being submitted to a court as evidence, or before a notary or a public body, is a sworn translation required, signed and stamped by an officially accredited sworn translator-interpreter. You can check accreditation by language in the official search tool of the Ministry of Foreign Affairs.
The general framework is governed, among other rules, by Royal Decree 724/2020 (BOE), which regulates the Language Interpreting Office and the role of the sworn translator. If your procedure is international, in some cases a Hague apostille or legalisation is also required depending on the country.
At Trayma we review the destination country and body with you before issuing the final version, so we can recommend the safest type of delivery and avoid rejections.
These are the preliminary-stage documents and the clauses we translate most often. Most are simple translations; some, when they need official validity, are delivered sworn. If yours is not on the list, just ask.
We are right in the centre of Alicante, next to the train station, with easy access by public transport. In-person service by appointment and online handling throughout Spain.
Tell us which languages you need it in and what stage the deal is at. As it is a short document, we usually reply quickly: we give you the firm price and the turnaround, in full confidentiality and with an NDA on our side.
Attach your documents and we’ll send back a firm quote within 15 minutes, in full confidence. No obligation.
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