Term Sheet Online

  1. Choose a Platform: Select an online platform that provides templates and tools for creating legal documents such as term sheets. Some popular options include:

    • Rocket Lawyer
    • LegalZoom
    • DocuSign
    • PandaDoc
    • HelloSign

  2. Sign Up or Log In: Sign up for an account on the chosen platform or log in if you already have an account.

  3. Select the Document Type: Find the option to create a new document and select “Term Sheet” or “Investment Term Sheet” from the available document types.

  4. Customize the Template: Fill in the required information in the provided fields to customize the term sheet template according to your specific requirements. This may include details such as:

    • Company name and details
    • Investor details
    • Investment terms (e.g., amount, valuation, equity stake)
    • Conditions precedent (e.g., due diligence, legal documentation)
    • Rights and obligations of parties
    • Governance and control provisions

  5. Review and Edit: Review the completed term sheet to ensure accuracy and completeness. Edit any sections or details as needed to reflect the agreed-upon terms between the parties.

  6. Save and Download: Once you’re satisfied with the term sheet, save the document and download it in the desired format (e.g., PDF, Word). You may also have the option to share the document electronically with other parties for review and signatures.

  7. Legal Review and Execution: It’s essential to have the term sheet reviewed by legal professionals to ensure compliance with relevant laws and regulations and to address any legal implications. Once reviewed and finalized, the term sheet can be signed electronically or in person by all parties involved.

  8. Distribution and Implementation: Distribute copies of the signed term sheet to all parties involved and implement the agreed-upon terms according to the provisions outlined in the document.