The term Sheet is defined as a sort of document that consists of all terms and agreements related to the agreement. You can download sheet template from here. All these terms and conditions are mentioned with bullet points. A term sheet is very much similar to a letter of intent. The main benefit of sheet is that it helps in clearly defining all the important points to the management. It helps in bringing the transparency into the financial as well as other important major systems. Another main benefit of the term sheet is that it also helps in expediting the entire process. You can easily summarize the entire agreement by reading important bullet points mentioned inside the sheet. One more thing that you should keep into your mind, a sheet is not a legal document and should only be considered as a spot where all the important data points are collected.
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