Term Sheet

Term Sheet - 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.

Class Information

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Identification

IRI: https://folio.openlegalstandard.org/RZUSPq2iQzzjI6lg0hXujm
Label (rdfs): Term Sheet
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Definition and Examples

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.
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Class Relationships

Sub Class Of: Mergers and Acquisitions Documents

Transactional Document

Venture Capital Financing Documents
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Additional Information

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Deprecated: False

Metadata

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