term sheet example partnership

a term sheet outlines the basic terms and conditions of an investment opportunity and is a non-binding agreement that serves as a starting point for more detailed agreements – like a commitment letter, definitive agreement (share purchase agreement), or subscription agreement. anti-dilution: [for example: the shares shall have certain customary anti-dilution protection for any share issuances at prices less than the issue price based on a weighted average formula, and subject to standard exceptions.]