Offer spec sheet - simplified contract

[Yuriy Shepelin]

Hi all, is there such a thing as a simplified/brief offer sheet similar to what is used for the m&a transaction where an acquirer sends just the basics: price, contingencies, due diligence period with the purchase and sale agreement being negotiated while you do a due diligence?

The idea being that with an agreement in principle, I can sign and NDA and get access to other information that I need, such as 3 years of financials, and get seller to make warranties, e.g that there has been no violent crime on the property within the last 3 years?

Thanks!

Yuriy