Term Sheet
Term Sheet
The purpose of this Term Sheet is to outline the principal terms and conditions under which [Your Company Name] proposes to proceed with a transaction involving [Objective]. This document is intended to facilitate the negotiation between the parties and is not intended to create a legally binding obligation, except as specifically set forth herein.
Parties Involved
|
Party |
Role |
Contact Information |
|---|---|---|
|
[Party A Name] |
[Role of Party A] |
[Contact Information] |
|
[Party B Name] |
[Role of Party B] |
[Contact Information] |
Transaction Details
|
Element |
Details |
|---|---|
|
Type of Transaction |
[Description of Transaction Type] |
|
Objective |
[Specific Objective of the Transaction] |
|
Valuation |
[Valuation Details] |
|
Funding Structure |
[Funding Details] |
Timeline
|
Milestone |
Date |
|---|---|
|
Execution of Term Sheet |
[Date] |
|
Due Diligence Completion |
[Date] |
|
Final Agreement Signing |
[Date] |
Key Terms
|
Term |
Description |
|---|---|
|
Confidentiality |
[Description of Confidentiality Obligations] |
|
Governing Law |
[State/Country] |
|
Termination |
[Details of Termination Clause] |
Conditions Precedent
The following conditions must be satisfied before the transaction can close:
-
[Condition 1]
-
[Condition 2]
-
[Condition 3]
Additional Provisions
The following additional provisions are included in this Term Sheet:
-
[Provision 1]
-
[Provision 2]
-
[Provision 3]
Signatures (Optional)
|
Party |
Signature |
Date |
|---|---|---|
|
[Party A Name] |
[Date] |
|
|
[Party B Name] |
[Date] |
