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What is a 'Term Sheet' A term sheet is a nonbinding agreement...

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    What is a 'Term Sheet'
    A term sheet is a nonbinding agreement setting forth the basic terms and conditions under which an investment will be made. A term sheet serves as a template to develop more detailed legal documents. Once the parties involved reach an agreement on the details laid out in the term sheet, a binding agreement or contract that conforms to the term sheet details is then drawn up.



    Read more: Term Sheet https://www.investopedia.com/terms/t/termsheet.asp#ixzz57a845IjJ
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