Once again, you reveal a total lack of understanding of term sheets, LOI's, and contracts in general. A term sheet is an outline of the key points of agreement to be addressed in greater detail via a subsequent, definitive agreement. It is NOT a list of to-do items that must be checked off PRIOR to the signing of any subsequent agreement. And certainly not anything that needs to addressed prior to the signing of an LOI, which generally comes BEFORE a term sheet is ever drafted.
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