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What is the meaning of full corporate offer?

FCO Full Corporate Offer. Issued by the seller after the preliminary stages of negotiation are complete, such as a letter of intent having been issued by the buyer, and a soft probe having been conducted on their accounts by the seller. A full corporate offer is a document which outlines the conditions of the sale.

What is a soft corporate offer?

Upon receipt and acceptance of the Soft Corporate Offer (SCO), the Seller will be informed about the Buyers coordinates and after that, Seller issues a Full Corporate Offer (FCO) including full coordinates (registered address, plus office address (if different) plus phone, fax, corporate email), of the Banks

What is the difference between a soft corporate offer and a full corporate offer?

The difference between FCO and SCO is: An FCO is not full without being addressed to the name of a specific party representing a buyer. An SCO is addressed to the buyer in general but not addressed to anyone specific. Likewise, it furnishes a prospective buyer with enough understanding of a sellers modus operandi.

Is a soft corporate offer legally binding?

Is a soft corporate offer legally binding? A Soft Corporate Offer is NOT a legally binding document The following outline penalties for the withdrawal of an SCO; Withdrawing an SCO can be considered as a minor offence, if and only when, a supplier withdraws his SCO more than 3 times in a row.