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Term Sheet

(Term Sheet drafting typically takes about 3 working days)

Understanding the requirements
Advice on Terms and Conditions to be included
Drafting the Term Sheet
Incorporate Changes suggested by Client (2 Rounds)

Starting At:
Rs 5,999/- All Inclusive

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Term Sheet

What is Term Sheet?

Term Sheet is the most critical agreement for any company, be it an established organization or a start-up. Term Sheet is drafted mainly before a company has to raise an investment, be it debt or equity. Term sheet is basically a gist of all the negotiations with Terms and Conditions drafted. Term Sheet should ideally be signed after the negotiation is over and Terms & Conditions agreed upon, as detailed Share purchase Agreement takes more time for proof reading.

A Term Sheet should include, but not be limited to, following items such as valuation, funds committed, shares to be sold, quantity, due diligence timeline, pre-emption, validity etc. Ca4you- legal undertakes the job of drafting Term Sheet starting from Rs 5,999/-.

What is included in our term sheet package?

Understanding the requirements
Advice on Terms and Conditions to be included
Drafting the Term Sheet
Incorporate Changes suggested by Client (2 Rounds)

Procedure for Term Sheet

Documents Required For Term Sheet?

Information about Terms agreed upon
Information about Valuation etc.
Information asked by ca4you.in in required format

Advantages of Term Sheet

Clarity on Terms

By having Term Sheet, co-founders and investors can easily have access to all the Terms and Conditions agreed upon succinctly. This saves a lot of time while drafting Shareholder Agreement as they can revisit the terms in which there is contention.

Saves Time

Term Sheet not only saves time in getting finally agreement signed but it also saves a lot of critical time for the organization as they can start working on business expansion as soon as Term Sheet is signed and agreed upon.

FAQ'S

Q. Can Term Sheets be signed through e-mails?

Term Sheet should ideally be signed on a Bond Paper and have a copy for each of the party involved. Having Term Sheet on e-mail is also acceptable but all the concerned parties should send a reply saying that they “confirm to accept the Term Sheet without any changes”.

Q. Is it mandatory to have Term Sheet printed on Stamp Paper?

No, it is not mandatory to have Term Sheet printed in Stamp Paper. You can print it and sign it in bond paper or normal paper.

Q. Can a party back out of entering into Final Agreement after signing Term Sheet? Is there any legal repercussion of this?

If a party backs out after signing Term Sheet, it can be challenged legally. Aggrieved party should ensure that Term Sheet is drafted carefully with all loopholes plugged.

Q. What are the things which co-founders/start- up & investors needs to keep in mind to draft Term Sheet?

A Term Sheet needs to be drafted by professionals to ensure that all loopholes are plugged. Also, Founder Agreement needs to address few major issues like valuation, fund requirement, timelines, board position amongst other things.