Term Sheet
Term Sheet is like a checklist of points for developing detail agreement. As such term sheet is regarded as a non-enforceable agreement.
Once the points mentioned in term sheet is closed, thereafter the buyer and seller enters into aa agreement.
Startup Term Sheet
The following items are listed in a Startup Term Sheet:
- Valuation of the Startup;
- Amount of proposed investment;
- Percentage of ownership or stake in the Startup;
- Anti-Dilutive Provisions;
- Voting Rights
- Investor’s Committment;