Letter of intent
Letter of intent summarizes major business terms before definitive agreements. It is usually non-binding except for specific provisions, but it sets expectations on price, power, diligence, exclusivity, confidentiality, deposits, and timing.
Read definition →Latency
Latency is time delay for data to travel between points. AI training, financial trading, cloud connectivity, and replication workloads can have different latency sensitivities, so site value depends on workload-specific requirements.
Read definition →Phase I ESA
Phase I Environmental Site Assessment is a non-invasive environmental diligence review for recognized environmental conditions. It is a standard transaction step and can determine whether deeper Phase II testing is needed before closing or development.
Read definition →