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06-17-2020, 08:26 PM #15
Reputation points: 769
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
No lien placed on A/R at term sheet execution. We issue an indicative term sheet with the terms of a proposed transaction subject to our full due diligence and underwriting. There was no DD fee paid. We only ask for DD fees when we do on-site visits and background checks which we do on every deal. We ask for those expenses to be covered. Its a small DD fee. None taken on this declined transaction.
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