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Series A-1 Term Sheet (Higher Valuation, Same Terms)


A term sheet is a non-binding agreement between a company (the issuer of securities) and an investor (the private equity or venture fund) that is a snapshot of the primary terms and conditions of the proposed investment.

It is customary to begin the negotiation of a venture investment with the circulation of a document known as a term sheet, a summary of the terms the company is prepared to accept. The term sheet is analogous to a letter of intent, a nonbinding outline of the principal points which the Stock Purchase Agreement and related agreements will cover in detail.