TERM SHEET
This Term Sheet (the "Agreement") is entered into as of [Effective Date], by and between [Party A], [Entity Type], with an address at [Address] ("Party A"), and [Party B], [Entity Type], with an address at [Address] ("Party B").
1. Parties and transaction. This term sheet summarizes proposed terms for [Transaction Type] between [Party A] and [Party B].
2. Economic terms. Proposed economics include [Valuation or Price], [Investment Amount], and [Liquidation or Payment Waterfall].
3. Governance. Board or approval rights under discussion include [Governance Terms].
4. Binding provisions. Confidentiality and exclusivity for [Exclusivity Period] are binding; remaining terms are non-binding statements of intent.
Party A: [Party A] By: ________________________________ Name: [Signatory] Title: [Title]
Party B: [Party B] By: ________________________________ Name: [Signatory] Title: [Title]
