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  • 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, term sheets 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.

A Term Sheet spells out the terms. Pretty simple, right? You can include pretty much anything you'd like in a term sheet template. Just keep in mind that it's a non-binding 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.


Sample Term Sheet

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