Memorandum of terms

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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 

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

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