# Term Sheet

**IRI:** https://folio.openlegalstandard.org/RZUSPq2iQzzjI6lg0hXujm

## Labels

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R9pDifEQPZakjZCBdUYZVOW
- https://folio.openlegalstandard.org/RBJ4HPUl2DrL4G30lmoFKJN
- https://folio.openlegalstandard.org/RCAIUgUHLdwFdtdPTruyEgL

## See Also

- https://folio.openlegalstandard.org/RDncsU66gjMTS2uIVpdIaEY
- https://folio.openlegalstandard.org/RjRpCaBv1XGApsSFM6uTLq

**Deprecated:** False