{"iri":"http://lmss.sali.org/RZUSPq2iQzzjI6lg0hXujm","id":"RZUSPq2iQzzjI6lg0hXujm","label":"Term Sheet","definition":"A Term Sheet is a document that outlines the basic terms and conditions under which an investment or significant transaction will be made. It serves as a blueprint for subsequent, more detailed legal agreements. Term Sheets can be binding or non-binding and may include other, significant legal provisions such as non-complete language, no-shop clauses, liquidated damages, etc.","prefLabels":[],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RDt4vQCYDfY0R9fZ5FNnTbj","label":"Document / Artifact"},"parents":[{"iri":"http://lmss.sali.org/R9pDifEQPZakjZCBdUYZVOW","id":"R9pDifEQPZakjZCBdUYZVOW","label":"Mergers and Acquisitions Documents"},{"iri":"http://lmss.sali.org/RBJ4HPUl2DrL4G30lmoFKJN","id":"RBJ4HPUl2DrL4G30lmoFKJN","label":"Transactional Document"},{"iri":"http://lmss.sali.org/RCAIUgUHLdwFdtdPTruyEgL","id":"RCAIUgUHLdwFdtdPTruyEgL","label":"Venture Capital Financing Documents"}],"children":[],"relations":[],"url":"https://lmss.io/tag/RZUSPq2iQzzjI6lg0hXujm/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}