LOI vs Offer vs Term Sheet: How to Buy Business the Right Way
April 13, 2026
by a professional from Bishop's University in Moncton, NB, Canada
**New Video Alert!
What’s the difference between an LOI, a term sheet, and an offer when buying a business?
If you’re trying to buy a small business, understanding how to structure your offer is critical.
In this video, I break down the key differences between these documents, what should be included, and how to avoid costly mistakes that can kill deals before they even get started.
Watch the video here: https://youtu.be/UAefk3FMTU8
Cheers
See you over on YouTube
David C Barnett