A list of the material terms of a business or funding agreement.  A term sheet typically appears in a bulleted format.  After term sheet has been “executed” it guides legal counsel in the development of a proposed “final agreement”.  It is subsequently used as a guide to negotiate the final terms to be in the signed agreement.

Term sheets are non-binding agreements which describe the basic terms and conditions of an investment deal. The term sheet is essentially the template used to develop a more detailed, formal investment agreement.

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