A term sheet reflects the broad consensus of two parties on material terms and conditions of a deal.
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A term sheet is a critical document, particularly for an Indian businessman. Months into negotiation and contract drafting, you may find out that there is no agreement on the basics of the contract. A term sheet solves this problem by putting into place a framework for the final contract. The term sheet, therefore, reflects the broad consensus of the parties on the material terms and conditions, such as price, quantity, valuation, due diligence and pre-emption.
A term sheet can be used to iron out differences on the vital parts of any major business agreement prior to the drafting of the actual agreement, thereby preventing an unnecessary expenditure on a company's resources.
Rather than spend time re-drafting a contract that neither party is in agreement with, it makes sense to simply put in place a plan through a term sheet. While specifics of any clause would not be in this contract, it would contain the basics of how they would be arrived at.
Once you send in a request, our representative will get in touch with you to understand your requirements. If further details are required, we will contact you for the same. Once these are in, we will work on the request and send it to you for review within 3 to 4 working days. Feel free to get back to us if you would like any changes.
In case you would like any changes to the agreement, our lawyers will work on them. Two rounds of iterations are included in the original price.
At Vakilsearch, we can deliver all your documentation requirements in just four working days. And if you're not totally satisfied, we'll take another couple of days to work on the modifications you need. All at the lowest price, both online and offline.
We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.