Term Sheets for Business Transactions

March 20, 2023
Mauro Viskovic, Esq.

Headshot of middle aged man, Mauro Viskovic, wearing a suit and tie and smirking.
  • What is a Term Sheet?
  • What are the reasons to use a Term Sheet instead of going straight to drafting and negotiating the definitive contracts for the contemplated transaction?
  • What are the reasons to avoid using a Term Sheet?
  • Can a Term Sheet create binding legal obligations?
  • What factors do courts look at when determining if a term sheet contains binding obligations?
  • If a term sheet is non-binding, are the parties obligated to negotiate in good faith?
  • What is the main takeaway regarding the use of term sheets?

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October 10, 2022
Michael D. Brofman, Esq.

Transcript found here

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May 7, 2021
Mathew J. Levy, Esq.

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