Difference between revisions of "Memorandum of terms"
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Latest revision as of 20:00, 27 August 2020
A memorandum of terms (also called 'term sheet') is the first 'pseudo-legal' letter of intend like document preparing for an Investment contract We discussed the term sheet in [[this|
case. Some parts are of interest:
- Redemption
- Liquidation:
What will happen on liquidation:
| \$5,0-M | Founders |
| \$4,0-M | VC |
| \$1,5-M | ESOP |
* Anti Dilution clause to describe conditions under which new shares can be emitted.
Discussed as part of: M10-S3 - Case - E-docs inc
