Free Company to Trust Term Sheet

I. Introduction

This Company to Trust Term Sheet ("Term Sheet") outlines the preliminary terms and conditions governing the business arrangement between [Your Company Name] and the trusted entity, hereinafter referred to as the "Trust Partner." This document is not legally binding and serves as a framework for further negotiations. The parties intend to negotiate in good faith to execute a definitive agreement based on the terms outlined herein.

II. Scope of Agreement

• The Trust Partner agrees to invest in "[Your Company Name]" following the terms of this Term Sheet.

• [Your Company Name] agrees to grant certain rights to the Trust Partner as outlined herein.

III. Responsibilities

A. Responsibilities of [Your Company Name]

1. [Your Company Name] shall provide the Trust Partner with access to relevant documentation, facilities, and personnel necessary for the Trust Partner to fulfill its obligations under this agreement.

2. [Your Company Name] shall develop and maintain the product/service to the Trust Partner as agreed upon.

B. Responsibilities of the Trust Partner

1. The Trust Partner shall provide financial support, technical expertise, or market access to [Your Company Name] as outlined in this Term Sheet.

2. The Trust Partner agrees to maintain confidentiality, adhere to project timelines, or participate in joint decision-making processes as required for the successful execution of the agreement.

IV. Financial Terms

• The Trust Partner shall provide USD 1,000,000 in the form of investment to "Your Company Name" within 90 days.

• [Your Company Name] shall utilize the funds for research and development related to the agreed-upon project or initiative.

• In consideration for the financial support provided, [Your Company Name] shall grant the Trust Partner an equity stake as detailed in a separate agreement.

V. Confidentiality and Non-Disclosure

• Both parties agree to maintain the confidentiality of any proprietary information disclosed during their engagement.

• Confidential information includes but is not limited to trade secrets, financial data, customer information, and intellectual property.

• The confidentiality obligations shall survive the termination of this agreement and remain in effect for [3] years following the date of disclosure.

VI. Term and Termination

• This Term Sheet shall remain in effect until superseded by a definitive agreement executed by both parties.

• Either party may terminate this Term Sheet upon written notice to the other party in the event of a material breach or upon mutual agreement.

VII. Governing Law and Dispute Resolution

• This Term Sheet shall be governed by and construed by the laws of [Jurisdiction].

• Any disputes arising out of or in connection with this agreement shall be resolved through arbitration conducted in [Country] by the rules of [Arbitration Institution].

VIII. Miscellaneous

• This Term Sheet constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior negotiations, representations, and agreements, whether oral or written.

• This Term Sheet may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute the same instrument.

IX. Signature

IN WITNESS WHEREOF, the parties hereto have caused this Term Sheet to be executed by their duly authorized representatives as of the date first above written.

[Your Company Name]

[Your Name]

[Date Signed]

Trust Partner

[Trust Partner's Name]

[Date Signed]

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