Term Sheet - Seed Investment
A Term Sheet establishes the general terms of an investor joining your business. Customisable and ready to use in under 10 minutes.Get 1st document free
Use this Term Sheet if:
You are preparing for Seed Round investment and would like to set out the negotiated and key terms to an investor to join your business.
Why do I need a Term Sheet?
If you are launching your seed investment round and looking at investors coming on board to join your business (such as an angel investor), a Term Sheet is a great document as a pre-cursor to a Shareholders Agreement. It sets out the negotiated terms and clearly states the intention of both parties to enter into a legally binding agreement in the near future.
What does the Term Sheet cover
- Details of investor
- Investment round details
- Class of shares (preference shares or ordinary shares)
- Number of shares
- Investment amount
- Price per share
- Percentage of equity
- Liquidation preference
- Conversion mechanics
- Dividends provision
- Share cap table
- Timetable to complete agreement
- Key provisions of shareholders and subscription agreements
- Details of board members
- Details of shareholders
- Decisions that need resolutions
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