Venture Financing Term Sheets 101 — Information and Control Rights

<p>A term sheet in a venture financing deal is a non-binding legal document between the company and the venture firm that outlines the fundamental terms and conditions of the venture financing. A term sheet will outline the basic terms of the binding long form agreements that will make up the financing documentation (which we will discuss in future articles). A term sheet is negotiated as one of the first steps in any venture financing process by the business teams (with some guidance from their counsel). This way, the parties involved can figure out the essence and basic terms of the deal prior to involving the full legal teams that will draft and negotiate the binding, long form agreements.</p> <p><a href="https://medium.com/hyperdraft-blog/venture-financing-term-sheets-101-information-and-control-rights-c37d3264878d"><strong>Visit Now</strong></a></p>