What is it?
A term-sheet is a non-binding agreement that sets out the basic terms and conditions under which an investment is made into a company, typically a start-up.
When is it used?
Term Sheets are mostlyy used in the world of High Growth startups and Venture Capitalists, with the term sheet being instrumental in raising money from prospective investors.
Which other agreements may be relevant to me ?
If you are starting a business, you will definitely want to check out our Founders Agreement and our Business Essentials’ bundle.