Drafting Skills · glossary
A short table of the business points agreed so far, before the contract is drafted. Leonie built this one from the client’s notes and Kestrow’s written quote. It left gaps, such as who collects a broken van. Term Sheet, heading · Chapter 1 · see Heads of terms, Subject to contract
Explained in Chapter 1, How to Draft a Contract from a Term Sheet, of Drafting Skills.
The main page for this term is Heads of terms, in M&A Foundations.
The deal starts on a term sheet: a short table of the points agreed so far. Another name for it is heads of terms. Leonie built this one from Martyn’s notes and Kestrow’s written quote. It is marked subject to contract, so nobody is bound until the contract is signed.Read Chapter 1, How to Draft a Contract from a Term Sheet →
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Where this term lives
This term is part of one fictional contract, from term sheet to signing, with every document attached and a test after every chapter. Open Drafting Skills → · All terms A–Z →