TERM SHEET

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TERM SHEET

A term sheet reflects the broad consensus of two parties on material terms and conditions of a deal.

ADVICE ON REQUIREMENTS

We'll help you find out what you need covered

DOCUMENT DRAFTING

The first draft will be shared with you in four days

ITERATIONS

We do two rounds of iterations at no extra cost

WHAT IS A TERM SHEET?

A term sheet is a critical document, particularly for an Indian businessman. Months into negotiation and contract drafting, you may find out that there is no agreement on the basics of the contract. A term sheet solves this problem by putting into place a framework for the final contract. The term sheet, therefore, reflects the broad consensus of the parties on the material terms and conditions, such as price, quantity, valuation, due diligence and pre-emption.

Hilight

A term sheet can be used to iron out differences on the vital parts of any major business agreement prior to the drafting of the actual agreement, thereby preventing an unnecessary expenditure on a company's resources.

Rather than spend time re-drafting a contract that neither party is in agreement with, it makes sense to simply put in place a plan through a term sheet. While specifics of any clause would not be in this contract, it would contain the basics of how they would be arrived at.

Advantage

2 WORKING DAYS

Once you send in a request, our representative will get in touch with you to understand your requirements. If further details are required, we will contact you for the same. Once these are in, we will work on the request and send it to you for review within 3 to 4 working days. Feel free to get back to us if you would like any changes.

2 WORKING DAYS

In case you would like any changes to the agreement, our lawyers will work on them. Two rounds of iterations are included in the original price.