Term Sheet (Denmark) by Seedsummit
This document is a Term Sheet outlining the main terms for a seed financing round for a company. It covers key aspects such as company and founder details, investment terms including valuation and share allocation, governance structures, share transfer rules, and restrictions on founders. It serves as a preliminary agreement for the company and potential investors to establish common ground before drafting full investment and shareholders' agreements.
Explanatory Note
The Term Sheet comprises the main terms to be included in the Investment Agreement and Shareholders’ Agreement and is normally used as a way for the company and potential investors to determine whether they can find common ground on main terms, before having full-length documents drafted.
The content and documents on the website have been prepared for informational purposes only and are not legal advice. Transmission of the information is not intended to create, and receipt does not constitute an attorney-client relationship. Audience should not act upon this information without seeking professional counsel. The information contained herein is provided only as general information which may or may not reflect the most current legal developments. This information is not provided in the course of an attorney-client relationship and nor intended to constitute legal advice or to substitute for obtaining legal advice from an attorney licensed in your region.
Term Sheet \ [•] ApS
COMPANY AND FOUNDERS
Company | [•] ApS |
Founders | [•] |
Founder Company | Founder 1 holds his/her shares in the Company through the following personal holding company: |
Share Capital | The share capital of the Company is allocated as follows: |
INVESTMENT
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