The Term Sheet, to put quite simply, is a document that contains ‘terms’. It is a non-binding agreement used to establish trust when you are interested in offering potential assets of your business for purchase.
In the Term Sheet, the business owner provides the general terms of the aforementioned business deal to a potential investor for reviewing. It mayalso include a general idea of how the entire transaction will take place. It isn’t a guaranty, but the Term Sheet can help begin the negotiations.
Our Term Sheet template is carefully prepared by a team of legal experts. It outlines all the required basic elements and provides space for the user to fill in details.The template is available in numerous formats for downloading purposes.
The template is fully customizable – you can modify the text to suit your needs, once you download it. Please note that the legal text of the document is examined and verified by a professional attorney.