Non-binding & Binding Term Sheets (with examples)

A term sheet is usually non-binding document in bullet point format which sets the stage among parties for a transaction or financial investment (venture capital or angel investor). Term sheets represent the negotiated terms proposed to date. They usually include information pertaining to funding, liquidation, and corporate governance. Once the term sheet is executed, it provides the foundation for drafting the final agreement.

Here are some non-binding term sheets currently available from RealDealDocs.com:

1) Term Sheet

Great Lakes Gas Transmission Limited Partnership (“Great Lakes”) and TransCanada PipeLines Limited (“Shipper”) Term Sheet for Proposed Service (the “Term Sheet”)

2) Term Sheet

Chief Executive Officer Term Sheet – Stone Energy Corporation

3) Term Sheet

Weight Watchers International, Inc. Term Sheet for Employee Restricted Stock Unit Awards

4) Term Sheet

IDT Corporation, SPIP LLC, Straight Path Communications Inc, Straight Path IP Group, Inc

 

RealDealDocs also offers examples of professionally drafted binding term sheets.

1) Binding Term Sheet

First Foods Group, Inc.

2) BINDING TERM SHEET

Abbott Laboratories, Advanced Life Sciences Holdings, Inc

3) BINDING TERM SHEET

BULLION MONARCH MINING, INC.

4) BINDING TERM SHEET

DraftDay Fantasy Sports, Inc, Rant, Inc

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