What is a Term Sheet?
Term Sheet
A term sheet is an important written document to complete a business deal. A well-drafted term sheet solves problem by having a proper framework for the final declaration. The term sheet, hence, reflects the broad consensus of the parties on the corporeal terms and conditions, so much as monetary value, quantity, valuation, due diligence and pre-emption. You need a great term sheet when you are looking to make a seed investing in a business.
What does a term sheet cover:
Investor details
Conditions of Investment
Capital Structure
Liquidation Preference
Information Rights
Management Rights
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