I think Dr. Menon’s termination was to reduce op
Post# of 72440
I’ve watched many videos on term sheet and the DD period is usually 60-90 days (as Kelt said). Neither side wants to tie the other one up. Signing a term sheet is like getting engaged. That’s how serious the relationship is. I think the most time-consuming part of the DD is BP’s lawyers making sure the patents of B-OM & B-UP are valid.
Once DD is done, BP’s lawyers will start converting the term sheet into legal documents. How long that’s going to take is anyone’s guess. My guess is one month so a deal could be official before year end.