January 11, 2024 - When negotiating licenses to intellectual property (IP) or collaboration agreements (such as research partnerships, sponsored projects, and joint ventures), universities frequently ...

Deal parties may be surprised to learn that a term sheet signed as part of early negotiations can, in some circumstances, continue to be binding after the execution of a definitive transaction ...

The optimal timing to discuss term sheets in a transaction process can depend on many factors, including the goals of the partnering discussion. For simplification in this article, it will focus on ...

Three years ago, I met with a founder who had raised a massive seed round at a valuation that was at least five times the market rate. I asked what firm made the investment. She said it was not a ...

You’re in the thick of week two of negotiations on a term sheet with a potential investor and you can’t help but wonder why you’re spending so much time on a document that has “nonbinding” written all ...

A term sheet is a non-binding document that outlines the primary terms and conditions of a proposed investment or business deal. Typically used in the early stages of negotiations, it serves as a ...

For the past few months, I’ve been exploring some of the more confusing terminology in VC term sheets. In my last post, I discussed redemption rights. Today, I’m looking at the non-binding and ...

TL;DR: Whenever an influential organization publishes a “standard” financing document, important questions need to be asked about not just its specific terms, but also the entire concept of “standard” ...