Term Sheet
For early investor conversations — correctly drafted as non-binding except for confidentiality and exclusivity, avoiding the ambiguity that has created real disputes.
- Non-binding effect clause using 'propose to' / 'intend' language, not 'shall'
- Confidentiality and exclusivity carved out as the only binding sections
- Valuation, liquidation preference, and board composition terms clearly framed as indicative
- Built to avoid the exact ambiguity that created real, litigated disputes
📧 Rakeshkjaiswar@seedhakanoon.com
📱 +91 91679 36053
Founders raising early-stage capital
Entering initial conversations with an investor and need a document that clearly is not yet a binding deal.
Angel investors and early-stage funds
Setting out proposed terms before due diligence and definitive agreements, without creating premature binding obligations.
What we actually checked, and when.
1. Update the jurisdiction. This template is drafted with placeholder city/state fields — replace them with your own business's actual location, not any example city shown in the document.
2. Print on valid stamp paper. This PDF is a drafting template, not an executable legal document on its own. Under the Indian Stamp Act, most agreements need to be printed on physical stamp paper (or e-stamped) of the correct value for your state before signing — an unstamped agreement may be inadmissible as evidence until the deficiency is paid. Confirm the correct stamp duty and process for your state before execution.
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