Term sheet navigation: The first step to successful business deals

A term sheet is a non-binding document that outlines the key terms and conditions of an investment or business agreement between two or more parties. It serves as a basis for further negotiations by providing a clear overview of the agreement, helping to avoid misunderstandings and speed up the process of due diligence and contract drafting. Careful drafting of a term sheet is critical to ensuring that all parties understand and accept the terms of the transaction, which promotes an efficient and successful agreement.