{"iri":"https://folio.openlegalstandard.org/RZUSPq2iQzzjI6lg0hXujm","label":"Term Sheet","sub_class_of":["https://folio.openlegalstandard.org/R9pDifEQPZakjZCBdUYZVOW","https://folio.openlegalstandard.org/RBJ4HPUl2DrL4G30lmoFKJN","https://folio.openlegalstandard.org/RCAIUgUHLdwFdtdPTruyEgL"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/RDncsU66gjMTS2uIVpdIaEY","https://folio.openlegalstandard.org/RjRpCaBv1XGApsSFM6uTLq"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"A Term Sheet is a document that outlines the basic terms and conditions under which an investment or significant transaction will be made. It serves as a blueprint for subsequent, more detailed legal agreements. Term Sheets can be binding or non-binding and may include other, significant legal provisions such as non-complete language, no-shop clauses, liquidated damages, etc.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}