What's your company name?
Use the legal name of your business. If you're signing as an individual, put your full name instead.
Create a term sheet
Generate a free term sheet online. Summarize the headline deal terms, keep commercial points non-binding, bind confidentiality, then preview your document and refine it with AI.
You
What type of party are you?
In most cases pick Corporation or LLC if you have a company. Choose Individual if you're signing as yourself.
Will you be signing this term sheet?
Choose Yes if you'll sign in the editor yourself. Choose No if someone else on your side will sign.
What's your full name for the signature block?
This is how your name will appear as the signatory for your party.
What's your title?
A simple title like Founder or Owner is fine.
What's your address?
Usually your business address, or your home address if you're signing as an individual.
What's the email for your party's signer?
We'll use this when you send the document so they can complete their signature.
Them
What's their company name?
Use the legal name of their business. If they're an individual, put their full name instead.
What type of party are they?
In most cases this matches how they operate: Corporation, LLC, or Individual.
Who will sign for them?
If you only know one contact, use that name for now. You can update it later.
What's their title?
In most cases this is CEO, Founder, General Counsel, or another authorized role.
What's their address?
Usually their principal business address. Approximate is okay if you don't have every detail yet.
What's their email address?
We'll use this as the counterparty recipient when you send the term sheet for signature.
Agreement
What kind of deal is this term sheet about?
This sets how the two sides are named and what the economics section asks for.
Which side are you?
Used to label the parties throughout the term sheet.
What is the proposed transaction?
One or two sentences describing what the parties intend to do.
What are the headline economic terms?
Valuation, price, investment amount, fees, or other commercial numbers under discussion.
Any governance or control terms?
Optional. Board seats, vetoes, information rights, or approval thresholds.
Any other key terms to capture?
Optional. Closing conditions, employee matters, IP, or other deal points.
When should the agreement take effect?
Most term sheets start today. Choose a custom date if you need a different effective date.
What is the effective date?
Pick the date the term sheet should begin.
How long should discussions stay open?
After this window the term sheet expires unless the parties extend it or sign a definitive agreement.
Which state's law should govern?
Usually the state where your company is formed or where you do business. Delaware is common for US companies.
Which jurisdiction?
Name the country or region whose law should apply.
Do you require any advanced terms?
Things like exclusivity, custom dispute language, or other negotiation protections.
Advanced
Include a short exclusivity period?
Stops either side shopping the deal while diligence and definitive docs are in progress.
How long should exclusivity last?
Thirty days is a common commercial window.
How should disputes be resolved?
Litigation means court. Arbitration is private. In most cases litigation is fine unless you prefer arbitration.
Anything else to include?
Optional. Describe it in your own words. AI will draft the legal wording from what you write here.
Preview
What would you like to name the file?
This becomes the downloaded document name. You can change it later if needed.
Contract creator
Term Sheet
Summarize the key commercial and legal terms that will guide a fuller agreement.
press Enter
Modified from Common Paper standard terms. Common Paper standards