Term Sheet Review
A non-binding agreement showcasing the terms & conditions by which an investor can money in your company is called a Term Sheet. There are 3 sections in this – corporate governance, funding, and liquidation.
Description
Benefits of a Term Sheet
Prevent Unwanted Expenses
A term sheet is commonly used to arbitrate the discrepancies on the essential facets of any trade contract before outlining the actual agreement, thereby avoiding any unwanted expenses from a company’s reserves.
Time-Saving
A term sheet is drafted to put a plan in place for the consenting parties involved instead of drafting a contract that is being refused by both. However, the details of the clauses won’t be present, but rather contain the fundamentals of how they would be reached upon.
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