Term Sheet

In business, before the parties enter into a final agreement will make an interim draft of the terms and conditions that act as a base for their working conditions. This document that is a template for the final agreement is known as term sheet and it is mostly considered non-binding on the parties.

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WHY CHOOSE eStartIndia?

This organization comprises of expert legal professionals, who use their expertise will draft this sheet that shall cover all the legal requirements and needs of the parties. The experience and the knowledge that our professionals hold can help you in including clauses in your term sheet that shall allow smooth functioning of your business for the interim period till the final contract is made.

ADVANTAGES OF TERM SHEET

IMPROVES CLARITY: The sheet involves a description of the nature of work to be done by the parties until the final contract is made.
FASTER PROCESSING: The term sheet lays down a plan which will be a base for the drafting of an agreement and it therefore saves time.
COVERS MAJOR DETAILS: The term sheet covers the major details required for the running of the business until a contract is formed.

Click here to know more about the "Founders Agreement".

A term sheet may include following clauses as per the parties requirements:-

Name and details of parties.
Investment made.
Valuation.
Company structure prior to final agreement or investment.
Investment structure.
Obligations of parties.
Payment terms.
Sharing of expenses.
The validity of the term sheet.
Confidentiality.
Law applicable.
Signature.

Package

Basic

4999 /-

Package Includes:

Drafting Term Sheet by Experienced Lawyers
30-minute Intro Call by Lawyer+ Start to Finish Help + Drafting a Term Sheet

(Professional Fees)

FAQs

What is a term sheet?

It is an outline of the terms, condition, and structure of business drawn by the parties before entering into the final contract. It guides the activities of parties until the final contract is made.

What is included in a term sheet?

Every major aspect of the business that shall allow the running of its function until the contract is made has to be mentioned in a term sheet.

Why is term sheet important?

Drafting a contract consumes time and requires a lot of planning. Therefore it is necessary for the parties to have some guidelines for the smooth functioning of the business. Term sheet shall assist the parties in their functioning as well as act as a base plan for the drafting of the final contract.