Rocket Lawyer US

Switch to Rocket Lawyer UK

We are here to help

(877) 881-0947 or Sign up | Sign in
Rocket Lawyer

Create your Free
Term Sheet

Make Document

How it works

Build your
Save, print
& share
Sign it &
Make it legal
Sample Term Sheet Form Template
Term Sheet Basics

Reviewed by Rocket Lawyer On Call Attorney Mark Heftler, Esq.

You're about to make an offer on interests or assets of a company. You may want to use a Term Sheet to establish that both parties, yourself and the seller, agree on the general terms of the deal before starting due diligence. Consider this your mini-proposal before investing more time & money in making your final decision. As the seller of interests or assets, a Term Sheet can also be useful to begin a negotiation.

Use the Term Sheet document if:

  • You are interested in offering potential interests or assets of your business for purchase and you want to provide the general terms of such a business deal for the potential investor/purchaser to review.

Sample Term Sheet

More than just a template, our step-by-step interview process makes it easy to create a Term Sheet.

Save, sign, print, and download your document when you are done.

A Term Sheet spells out the terms. Pretty simple, right? You can include pretty much anything you'd like in this proposal. Just keep in mind that it's a nonbinding agreement that establishes a level of trust that if things look right in the diligence phase, you are intending to proceed with the purchase. A general idea of how the transaction will play out might be included. A Term Sheet can open the door for negotiation and - hopefully - an investment or purchase.

Get free legal advice

From our network lawyers.

Characters remaining: 600

Ready to create your Term Sheet?

Get Started