What is a venture capital term sheet? Is a Series A term sheet binding?

Andy Lau has substantial experience representing pe/vc funds, investment banks and startup and growth companies in pe/vc investments, M&A, IPO and capital markets transactions. For a preliminary consultation, please email him at andy@askventure.com.

A term sheet is a document that summarizes the key terms of a proposed investment. It is sometimes called a letter of intent.

Typically, a term sheet is not binding, except for confidentiality, exclusivity and expenses (or transaction fees). Exclusivity is sometimes called no-shop no-solicitation clause.

Click here to download your free sample term sheet / letter of intent template now!

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