Term Sheet (UK) by Seedsummit

Updated 17 October 2025

This document outlines the key terms for a Series Seed equity funding round, typically involving institutional or venture capital investors. It details the financing structure, type of security (Seed Shares), investor rights, founder obligations, and governance provisions. The summary serves as a non-binding framework for the definitive investment documents, with specific clauses on expenses, exclusivity, and confidentiality being binding.

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About this template

What is this template?

Term Sheet (UK) by Seedsummit is a free, ready-to-use Pre-Seed & Seed Funding template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.

When should you use it?

Reach for this Pre-Seed & Seed Funding template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. Always review the final wording against the laws that apply where you live or do business.

What's typically included?

A well-drafted Pre-Seed & Seed Funding usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.

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