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punk153

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punk153

Re: None

Tuesday, 07/12/2011 8:25:17 PM

Tuesday, July 12, 2011 8:25:17 PM

Post# of 54312
The Term Sheet is not a final offer.

It is a negotiating piece between two parties.

A term sheet is a bullet-point document outlining the material terms and conditions of a business agreement. After a Term Sheet has been "executed", it guides legal counsel in the preparation of a proposed "final agreement". It then guides, but is not necessarily binding, as the signatories negotiate, usually with legal counsel, the final terms of their agreement.



http://en.wikipedia.org/wiki/Term_sheet

IMO

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