All You Need to Know About Starting a Company
What is a Term Sheet?
A term sheet is a bulleted list proposed by any of the parties which includes the features, terms and conditions of the deal. The terms and conditions mentioned in this are non-binding in nature because these can be modified after future negotiations between the parties. It is the process before preparing and signing the final agreement. It will reduce the time taken for negotiating the final business agreement because it provides a framework for the final contract.
A term sheet may consist the following: -
- Various terms and conditions for both the parties
- Funding or financial arrangement
- Relationship between investors
- Venture capital providers
Testimonials
“I've been availing the services of ClickNTax for my companies for more than a year and will be continuing to do so in the near future. The reason is obvious… it’s their super quick and efficient customer support. To name a few, Sachin, Yaseen, Sonakshi and the list goes on. Highly recommended!”
Ankit Mishra
K-Tech Engineers (India) Pvt.Ltd.“One of the best online place for all your legal services. I used them for setting up a company, GST registration and filing, IT filing and for legal notices. They clear all the queries very patiently and make all the processes quite easy. But the best part is they charge very less cost compared to other online services.”
Shubham
Indian Courier Express“Very Professional. Co-operative. ClickNTax helped us to take informed decisions throughout the process. All done conveniently. Follow ups were quick. Thank you ClickNTax. :)”
Arun Gupta
GuideSkillAdvantages of a Term Sheet
Optimum use of cost and resources
A term sheet provides a framework to discuss the differences on the significant areas of any major business agreement. It helps in drafting of the actual agreement. Therefore, it prevents the unnecessary expenditure on a company's resources.
Efficient use of time
We do not have to re draft a contract repetitively if we use the term sheet prior to it. With the help of term sheet, we put out a plan that can be discussed and modified. Finally, we can prepare the final contract based on term sheet data and it will save us time.
Term Sheet Procedure
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3 WORKING DAYS
Our representative will contact you to understand your requirements, once you get in touch with us. We will also contact you if more details are needed. We will connect you to a verified lawyer once we get all the required information. Our lawyers who will prepare the draft and send it to you for review within 3 to 4 working days. -
2 WORKING DAYS
After reviewing the draft, if you have any clarifications or changes to make, the assigned lawyer will discuss it with you and implement them. Two rounds of such modifications will be provided at no extra cost.
