This comprehensive term sheet, drafted by Atlassian and customisable on the Genie AI platform, aims to remove confusion surrounding the M&A process, particularly for founders who are selling a company for the first time. It contains explanations of key terms to aid transparency and a fair agreement.
By moving away from one-sided, buyer-favourable terms, this term sheet may reduce friction and avoid lengthy negotiations.
Some of the major terms to pay attention to are: purchase price, founders’ roles, stock vs. cash consideration, retention equity, indemnification, escrow and risk allocation.
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📃 Investment Agreement Term Sheet
A investment agreement term sheet is a document that outlines the major terms and conditions of a proposed investment transaction, and is typically used to precede the drafting of a more detailed legally binding agreement. The term sheet sets forth the key terms and provisions of the proposed transaction, and provides the framework within which the parties will negotiate the final terms of their agreement.
Agree an investment term sheet
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