Venture Deals · glossary
A short summary of a round, signed before anyone drafts. At Solaris only exclusivity, costs and confidentiality bound, so the Cap Base it fixed was agreed again in the Investment Agreement. Recital (E) · Chapter 6
Explained in Chapter 6, The Term Sheet and the Document Set, of Venture Deals.
A term sheet is a short summary of the deal, signed before anyone drafts the long documents. On the sale of a company the same paper is called heads of terms. It shows cheaply whether there is a deal at all, before the lawyers start drafting. Solaris, Elena Marsh and Meridian signed their term sheet on 8 March 2022.Read Chapter 6, The Term Sheet and the Document Set →
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Venture Deals → · All terms A–Z →