Term Sheet
type: Class
subclass of: R9pDifEQPZakjZCBdUYZVOW
subclass of: RBJ4HPUl2DrL4G30lmoFKJN
subclass of: RCAIUgUHLdwFdtdPTruyEgL
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.