term sheet
English
Noun
term sheet (plural term sheets)
- (business, venture capital) A bullet-point document outlining the material terms and conditions of a potential business agreement, establishing the basis for future negotiations between a seller and buyer, or the conditions for financing a startup company.
- 2006, Rupert Pearce; Simon Barnes, Raising Venture Capital, John Wiley & Sons, →ISBN, page 102:
- Usually, only certain parts of the term sheet will be expressed to be legally binding (see below) but the whole of the term sheet will be morally binding […]
- 2011, Brad Feld; Jason Mendelson, Venture Deals […] , John Wiley & Sons, →ISBN, page 125:
- Once you've received a term sheet from a VC, you can use this to motivate action from other VCs, but you have to walk a fine line between oversharing and being too secretive.
See also
- cap table
- letter of intent
Further reading
term sheet on Wikipedia.Wikipedia