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1. Parties: Identification of all prospective partners, including full legal names, addresses, and registration details where applicable
2. Background: Brief context of the proposed partnership and the purpose of the term sheet
3. Definitions: Key terms used throughout the term sheet
4. Partnership Structure: Legal form of partnership (e.g., GbR, OHG, KG) and basic structural elements
5. Business Purpose: Defined scope and objectives of the partnership
6. Capital Contributions: Initial and any agreed future capital contributions from each partner
7. Profit and Loss Sharing: Distribution ratios and mechanisms for profit and loss allocation
8. Management Rights: Management structure and decision-making processes
9. Transfer Restrictions: Basic principles regarding transfer of partnership interests
10. Term and Termination: Duration of partnership and key termination provisions
11. Binding Effect: Specification of which terms are binding and non-binding
12. Confidentiality: Basic confidentiality obligations regarding the term sheet and negotiations
13. Governing Law: Confirmation of German law application and jurisdiction
1. Intellectual Property Rights: Required when IP will be contributed to or developed by the partnership
2. Non-Competition: Include when partners need to be restricted from competing activities
3. External Financing: Needed when partnership anticipates seeking third-party financing
4. Key Personnel: Include when specific individuals are crucial to the partnership
5. Regulatory Approvals: Required when partnership needs specific regulatory clearances
6. Exit Mechanisms: Include detailed exit provisions if likely to be a key negotiation point
7. Dispute Resolution: Optional detailed ADR provisions if parties prefer specific resolution mechanisms
8. Insurance Requirements: Include when specific insurance coverage will be required
9. Future Fundraising: Include when partnership anticipates future capital raises
1. Initial Capital Contributions: Detailed breakdown of each partner's initial capital contributions
2. Key Commercial Terms: Summary of main commercial points agreed between parties
3. Corporate Structure Chart: Visual representation of proposed partnership structure
4. Timeline: Expected timeline for finalizing the partnership agreement and closing
5. Pre-Closing Actions: List of actions required before final partnership agreement
Business Day
Business Plan
Capital Account
Capital Contribution
Confidential Information
Effective Date
Encumbrance
Financial Year
GbR
Geschäftsführer
Gesellschafter
Governing Law
Initial Capital
Intellectual Property Rights
Key Performance Indicators
Management Board
Material Adverse Change
Partners
Partnership
Partnership Interest
Partnership Share
Permitted Transfer
Profit and Loss
Related Party
Reserved Matters
Shareholders' Meeting
Stammkapital
Strategic Plan
Supervisory Board
Term
Territory
Third Party
Transfer
Valuation
Business Purpose
Capital Contributions
Profit and Loss Sharing
Management Rights
Decision Making
Transfer Restrictions
Confidentiality
Non-Competition
Term and Duration
Termination Rights
Exit Provisions
Intellectual Property
Governing Law
Dispute Resolution
Representations and Warranties
Partner Obligations
Regulatory Compliance
Financial Reporting
Tax Treatment
Amendment Procedures
Force Majeure
Assignment Rights
Notices
Binding Effect
Further Assurance
Costs and Expenses
Partnership Assets
Partner Deadlock
Good Faith
Technology
Manufacturing
Professional Services
Real Estate
Healthcare
Retail
Financial Services
Energy
Construction
Agriculture
Entertainment
Education
Logistics
Consulting
Automotive
Legal
Finance
Corporate Development
Strategy
Executive Leadership
Operations
Business Development
Risk & Compliance
Mergers & Acquisitions
Commercial
Investment
Chief Executive Officer
Managing Director
Business Development Manager
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Investment Manager
Partnership Manager
Strategy Director
Operations Director
Finance Manager
Compliance Officer
Risk Manager
Business Owner
Entrepreneur
General Counsel
Commercial Director
Head of Mergers & Acquisitions
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