
Term Sheet
Focus on key deal terms for efficient discussions
Implement a solid commitment
Use Case: Structure the process and focus on what matters
Purpose
Optimize efficiency in discussions by focusing first on a summary of key deal terms, and only later (if needed) translating it into a complete agreement.
When to Use
Most useful from the second half of the Create stage, when parties start to converge on the structure of a package deal and transition to the Choose stage.