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Contracting tool for people who just want to get things done.
Auto-Adapts to Any Situation
No case is too complex or unconventional. Just tell Bind what you need, and it will handle the rest.
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Context-Aware Summaries
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Term Sheet – Outline Key Investment Terms and Conditions
An Indicative Term Sheet captures the main commercial and legal points of a proposed investment before formal documentation. It clarifies the structure of the deal, share allocations, and investor rights while remaining largely non-binding until final legal agreements are signed.
An Indicative Term Sheet made in Bind includes:
Investment Details and Valuation
Clearly states how much the investor is contributing and the total funding sought. Pre- and post-money valuations define what percentage stake the investor obtains, providing a clear baseline for ownership and price per share.
Types and Terms of Shares
Specifies that the investor will receive convertible preferred shares, which often include special protections (such as liquidation preferences and anti-dilution rights). An appendix can detail key investor protections and conditions attached to the shares.
Use of Proceeds
Describes how the investment funds will be used—e.g., R&D, marketing, or expansion activities—preventing misuse and assuring investors that capital will go toward the growth strategy.
Exclusivity and Confidentiality
Commits the company to negotiating exclusively with the investor for a set period, preventing them from courting other offers. Confidentiality clauses keep deal details private until a binding contract is signed.
Conditions Precedent
Lists key requirements before the deal finalises—like satisfactory due diligence and board or shareholder approvals—ensuring the investor confirms all relevant risks and compliance issues.
Non-Binding Nature
Emphasises that only certain clauses (like exclusivity, confidentiality, and governing law) are legally binding. The rest of the Term Sheet is merely indicative and not enforceable until definitive agreements are signed.
Governing Law and Dispute Resolution
Specifies which legal framework (English law) applies if disputes arise, and the jurisdiction in which disputes are settled. This provides clarity and security for all parties.
Bind supports seamless creation, sharing, and eSigning of your Term Sheet, helping both investors and companies clarify high-level deal terms before drafting formal documentation.
Endless Googling
100s of Ready-To-Use Docs
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