Term Sheet Convertible Preferred Stock

A Term Sheet for your corporation issuing Convertible Preferred Stock.
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This Term Sheet for Convertible Preferred Stock Financing represents a non-binding agreement between the corporation and the investors. The Term Sheet shows the basic terms and conditions of an investment and serves as a foundation and basis for more detailed, legally binding documents. Once the parties involved reach an agreement on the details laid out in the term sheet, a binding agreement or contract that conforms to the term sheet details is drawn up.

We've made the first 5 pages of the Term Sheet available for your preview.

Key elements of this Term Sheet include:

  • Entrepreneurs find that this document is crucial to attracting investors;
  • The company's valuation, investment amount, percentage stake, voting rights, liquidation preference, anti-dilutive provisions and investor commitment are some items that are outlined in this Term Sheet.
  • Within the Term Sheet, we've highlighted areas in red to indicate the information you'll need to provide for your particular offering.

This sample document is intended to serve as a starting point only, and should be tailored to meet your specific requirements. This document should not be construed as legal advice for any particular facts or circumstances. Note that this sample document presents an array of (often mutually exclusive) options with respect to particular deal provisions.

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