Term Sheet (Portugal) by Seedsummit
The Seedsummit Investment Term Sheet template outlines the key commercial terms for a proposed equity investment between a Portuguese company and its investors, covering valuation, share classes, liquidation preferences, governance rights, and founder obligations. It is useful as a non-binding framework to align founders and investors on principal deal terms before drafting definitive legal agreements such as a subscription and shareholders’ agreement.
INVESTMENT TERM SHEET
The following template term sheet for investment is suitable for use between a company incorporated in Portugal and potential investors.
This term sheet has been drafted to include the provisions that a sophisticated investor would typically expect to see and may not be appropriate for all types of investors. Save in relation to the expenses, exclusivity and confidentiality sections, the term sheet does not purport to be a binding legal document. It sets out the basic commercial points to be agreed by the Founders and investors up front, with these matters being reflected in binding legal documentation (such as a subscription and shareholders' agreement) at the time the investors invest money in the company.
The text in square brackets indicates that information needs to be added or confirmed. Please ensure that all square brackets are completed and removed prior to signing the term sheet.
This document is not a substitute for legal advice and may need to be tailored to the circumstances to appropriately reflect the intentions of the parties.
[company name]
SUMMARY OF TERMS FOR SUBSCRIPTION OF PREFERRED SHARES¹
¹ Important Notice: The document Preferred Round Term Sheet has been prepared for informational purposes and it is not a source of legal advice. Readers should seek legal advice before applying it to specific issues or operations.
This summary of terms represents the current understanding of the parties with respect to certain relevant matters relating to the proposed investment in the Company (as defined below). Nothing in this summary of terms constitutes a legally binding agreement. The parties intend to enter into a detailed, definitive and legally binding subscription and shareholders' agreement in due course to reflect these terms in a legally binding format.
Nothing in this summary of terms constitutes an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where the offer or sale is not permitted.
Entered into between:
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