Term Sheet Template - National Venture Capital Association Page 2
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25Preliminary Notes
This Term Sheet maps to the NVCA model documents, and for convenience, the provisions are
grouped according to the particular model document in which they may be found. Although this
Term Sheet is perhaps somewhat longer than a “typical” VC Term Sheet, the aim is to provide a
level of detail that makes the Term Sheet useful as both a road map for the document drafters and
as a reference source for the business people to quickly find deal terms without the necessity of
having to consult the legal documents (assuming of course there have been no changes to the
material deal terms prior to execution of the final documents).
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ABA Comments to NVCA Term Sheet - Final Version.DOC
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