Top 10 term sheet terms - TCN Life Science Fast Track
1. Terms of Endearment:
Top 10 Things to Remember about
Term Sheets
January 21, 2014
Nutter McClennen & Fish LLP
Seaport West
155 Seaport Boulevard
Boston, Massachusetts 02210
Telephone 617.439.2000
www.nutter.com
2. Top 10 Things to Remember about Term Sheets
10. Control Rights vs. Economic Rights
9. Binding and Non-Binding Commitments
8. Workable Protective Provisions
7. Voting Rights – among investors and founders’
rights post-closing
6. Liquidation Preference
Nutter McClennen & Fish LLP • www.nutter.com
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3. Top 10 Things to Remember about Term Sheets
5. Anti-Dilution Protection
4. Founder Stock Terms – vesting and change of
control
3. Board Composition
2. The Trouble with High Valuations
1. Valuation and the Option Pool Shuffle
Nutter McClennen & Fish LLP • www.nutter.com
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4. Adam B. Ghander, Esq.
Nutter McClennen & Fish LLP
155 Seaport Blvd.
Boston, Massachusetts 02210
email: aghander@nutter.com
office: 617-439-2991
Nutter McClennen & Fish LLP • www.nutter.com
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