A buyer and a seller shake hands on a number. Diligence begins, lawyers are instructed, and eight weeks later the first draft agreement arrives with every structural question still open.
Is it shares or assets. What is the consideration mechanism. What happens to the director loans. Is there exclusivity, and who bears costs if it falls over.
Each of these gets negotiated inside a forty-page document at full drafting rates, when a two-page term sheet would have settled them in a week.
Acquisition Term Sheet and Heads of Agreement
A term sheet or heads of agreement recording the commercial shape of an acquisition — price and structure, consideration mechanism, conditions, exclusivity, confidentiality, costs and timetable — with the binding and non-binding parts clearly separated.
Your Vision, Backed by the Right Legal Support
You build the business. We help you protect it.
Picture starting diligence with the deal already shaped. Both sides working to a timetable. Exclusivity in place so nobody is negotiating against a rival bidder they cannot see.
Who this service is for
This Is For You If…
Buyers making an offer for a company or business
Sellers responding to an approach and wanting terms fixed early
Parties who have agreed a price and need everything else settled
Buyers wanting exclusivity before spending on diligence
Anyone handed a term sheet and unsure what it commits them to
Get Started
What we will do for you
This is what we will do for you
<ul><li>Draw out the structural questions that must be settled before drafting begins</li><li>Draft the term sheet or heads of agreement in plain language</li><li>Make binding provisions — exclusivity, confidentiality, costs — expressly binding</li><li>Set a realistic timetable and the conditions to proceeding</li><li>Carry the agreed terms directly into the definitive agreement</li></ul>
What’s Included
What’s Included in our service for you
Working session on structure, consideration and conditions
Drafted term sheet or heads of agreement
Binding and non-binding provisions clearly separated
Exclusivity, confidentiality and cost provisions
Handover into the definitive documentation
Get Started
Why Choose Legal That Works?
Why Choose Us To Assist You?
Digital-first
No office visit required—review and sign online
Transparent fees
Fixed price, no billing surprises
Deep experience
Various contracts across industries
Accessible
Our client portal keeps you informed
Get Started
We've Helped
You Need To Act Now
Important: Limited Slots
Every structural question left out of the term sheet resurfaces during long-form drafting, at a far higher cost and with less goodwill.
Get Started
Nothing to Lose. Everything to Protect.
No Surprises. No Guesswork. Just Legal That Works.
Before anything starts, we speak with you to understand your business and make sure the service is the right fit. If it is not, we will say so upfront. No pressure. No wasted time. We only take on matters we are confident we can deliver with quality. That is why business owners trust us to get it right.
Get Started
Frequently Asked Questions
What is Legal That Works?
Legal That Works is a digital-first legal service designed by ASCO LAW (Messrs Akmal Saufi & Co) specifically for business owners and founders. We help you structure, grow, and protect your business through practical legal solutions—delivered fast, in plain English & Bahasa Malaysia, and with no office visit required.
What if I’m not sure what legal service I need?
No problem. Most business owners aren’t legal experts! Just reach out. Our team will guide you to the right service or help you understand your options—without jargon or upselling.
Is a term sheet binding?
Parts usually are and parts usually are not. That split must be stated expressly, or the document becomes a risk rather than a tool.
Why does exclusivity matter?
Diligence costs real money. Exclusivity stops you funding an investigation while the seller shops the deal elsewhere.
Can we go straight to the sale agreement?
For very simple deals, yes. For most acquisitions it costs more, not less.
Should the term sheet fix the warranties?
It should fix the principle and any cap. The detail belongs in the long-form document.
They sent us their term sheet. Should we just sign it?
Not without review. This is the cheapest hour in the transaction and often the most valuable.
Are your services affordable?
Our transparent fee structure means no billing surprises. Membership unlocks the best rates, but even one-off services are designed to be clear and competitive. You’ll always know what you pay.
Who will be helping me?
All our services are delivered by our licensed lawyers under the Malaysian Bar with proven experience across industries. You’ll work with a real legal team, not chatbots or generic customer support.
Is everything done online?
Yes. Our service is fully digital. You can consult, review documents, sign agreements, and access your files securely from anywhere. No office visit required unless you want to meet in person. No office visit is required. If you require us to attend at your office or outside meetings, additional charges will apply.
What’s the difference between One-Off Service and Membership?
(1) One-Off Service: Pay for what you need, when you need it. Perfect for single transactions or urgent matters (2) Membership: Subscribe for ongoing access, priority support, and special pricing. Membership means you get a legal partner who truly understands your business.
