47 Best Term Sheet Templates

1. Consistent Core Terms Ensure the term sheet template standardizes core terms such as valuation, equity split, liquidation preferences, and vesting schedules across uses. Include a definitions section to prevent ambiguity and speed up negotiations.

2. Clear Negotiation Paths Use placeholders for numbers and mark which terms are negotiable versus fixed to facilitate quick drafting and reduce back-and-forth.

3. Legal Drafting Hygiene Include a disclaimer that the template is for discussion only, ensure alignment with local laws, and incorporate versioning and change-tracking to manage updates.