MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: US$52M Term Sheet Signed for New York Battery Plant, page-6

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    not really risky to announce. Once a term sheet is signed, it's binding

    A term sheet is a bullet-point document outlining the material terms and conditions of a business agreement. After a term sheet has been "executed", it guides legal counsel in the preparation of a proposed "final agreement".
 
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