Are you ready to invest 1.5 hr learning about termsheet negotiation from someone who does it for a living?

Let us introduce you to Komal Shah.

  • An international lawyer and qualified company secretary with 20 years of experience of working in UK, Singapore and India
  • Dealt with clients in more than 20 jurisdictions
  • Former legal team - Citibank, Northern Trust Bank, India Infoline etc
  • Led the IPO of IIFL as compliance and legal head
  • Helped over 100 startups across USA, UK, Canada, Europe, Dubai, Singapore and India to raise funds

Komal Shah(The speaker of the webinar)

Co-founder and Chief Knowledge Officer, LawSikho

Our webinar will help you understand

  • What is a term sheet?
  • Should you have a term sheet or should you avoid it?
  • When exactly is a term sheet signed?
  • What you should never sign up for in a term sheet?
  • What should you look for in a term sheet?
  • How to read into term sheets to understand the investors better?
  • What to always include in a term sheet if you are making one?
  • How to use term sheets to manage ownership and control of your business?

Join our FREE webinar on “What every founder should know about investment term sheets” on 7th July, 5-6 pm (IST)

What can you expect from this session?

  • It’s very easy to overlook the implications of certain important terms for a founder who is more focused on securing the funding and the growth that it can bring.
  • Often very important terms involved in investments are agreed to over emails rather than being incorporated into a proper term sheet.
  • Agreeing to terms without thinking the implications through can make life a lot difficult for founders afterwards.
  • A little bit of awareness therefore can go a long way.

What can happen if you slip up and agree to terms you should not have agreed to?

  • If you're not careful, a bad term sheet can cause you to lose control of your company. or can even land up in a prolonged litigation with investors, which is totally not the place where a founder wants to put their time, energy and money.
  • Non-binding elements of the term sheet operate in favour of the investors. For a founder, it’s extremely difficult to overturn terms written in a term sheet, even when it has the effect of changing things in the slightest for the investor.
  • More often than not, the terms of the term sheet get carried directly into your shareholders’ agreements and from there, into the constitutional documents of your company!
  • This is why you should never disregard a term sheet only because it is non-binding.

How will a better Term Sheet benefit you?

On the flip side, if you have paid attention to the terms and clarified them in the term sheet, it is more likely that after the sheet is agreed upon, there will be fewer roadblocks for you at the stage of signing transaction documents.

Plus, you will have had a chance to control the narrative and include what you wanted the investors to know.

A term sheet will lay down groundwork for the investment transaction and ensure-

  • Clear understanding between the parties involved, on the most important aspects of the deal.
  • That you don't lose governance, management and control of the startup.
  • That you avoid disagreements and unnecessary litigation.
  • That you think forward and establish processes for situations that can create a potential deadlock.

But how exactly do I understand a term sheet?

Often, the language used in term sheets can sound like Greek for founders who are not from a legal or financial background.

For example, you may not be exactly clear on what anti-dilution, liquidation preference or a vesting schedule are and what these terms denote in a term sheet.

Most lawyers will take their time to draft and review these clauses for you, but won’t spare any hours to explain and clarify the implications of these clauses for your business.

Some of them might not even clearly understand the implications themselves!

This is why, in our webinar on 7th July 5 PM - 6 PM , we will teach you to look behind the legalese by breaking down term sheets.

Find out what exactly an investor wants and which terms they can ask you to agree to.

Join our webinar

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Corporate Office B-75, B Block Rd, B Block, Sector 63, Noida, Uttar Pradesh 201307
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Registered Office LawSikho, Space Creattors Heights, 3rd floor,
Landmark Cyber Park, Golf Course Extension, Sector 67,
Gurgaon, Haryana - 122102
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LawSikho, Space Creattors Heights, 3rd floor,
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Gurgaon, Haryana - 122102
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