Meaning of term sheet | Babel Free

Definitions

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.

Examples

“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[…]”

“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.”

CEFR level