Indian Contract Act, 1872
Governs the enforceability of binding provisions (exclusivity, confidentiality) in the term sheet.
Set the right expectationsbefore the deal is done.
Term sheet review, negotiation guidance, and drafting — so you understand every clause before it is locked into your definitive investment documents.
Term Sheet ReviewNegotiation GuidanceOption PoolAnti-Dilution
Rs 4,999
All-Inclusive
Founder-Friendly
Balanced Advice
2–3 Days
Turnaround
What we handle for you
Term sheet review and drafting that gives founders the knowledge and leverage to negotiate fair investment terms.
Plain Language Explanation
Explain every term sheet clause in plain, founder-friendly language — so you know exactly what you are signing before the definitive documents are drafted.
Market Standard Assessment
Identify standard market terms versus unusual or one-sided provisions — so you know which terms to push back on.
Negotiation Guidance
Advise on negotiating valuation, option pool, anti-dilution mechanics, board composition, and protective provisions — the clauses that matter most.
Clean Term Sheet Drafted
If you are the issuing party, we draft a clean, balanced term sheet that reflects the agreed deal economics and protects founder interests.
The 4-Step Process
From receiving a term sheet to signing on terms you understand and are comfortable with.
01
Share the Proposed Terms
Provide the investor's term sheet or describe the proposed deal structure — valuation, investment amount, instrument, and key investor rights.
02
Lawyer Reviews and Advises
Our lawyer reviews the term sheet, explains every clause in plain language, and identifies terms that are standard versus unusually investor-friendly.
03
Negotiation Guidance
Get clear guidance on which terms to negotiate — particularly economics (valuation, liquidation preference) and control (board seats, protective provisions).
04
Clean Term Sheet Drafted
If you are the issuing party, we draft a clean, balanced term sheet that reflects the agreed deal economics and protects founder interests.
Legal Framework
Term sheets in India are governed by contract law, FEMA regulations, and securities market practice — with binding provisions that take effect immediately on signing.
Companies Act, 2013
Relevant for share issuance mechanics, board composition, and shareholder rights outlined in the term sheet.
FEMA & RBI Guidelines
Pricing and reporting requirements apply to foreign investments outlined in the term sheet.
Market Practice & SEBI Regulations
Term sheet clauses such as anti-dilution, liquidation preference, and pro-rata rights are governed by securities market practice and incorporated into the formal SSA.
Client Success Stories
“I received a term sheet from an angel investor and had no idea what half the clauses meant. LegalKonnect explained everything clearly and helped me negotiate the option pool to a pre-money structure that saved me significant dilution.”
KJ
Karan Joshi
Delhi“First-time founder navigating my first funding round. The lawyer walked me through every clause, flagged the binding provisions, and helped me understand which terms were non-standard. Invaluable guidance.”
SB
Shruti Bhattacharya
KolkataFrequently Asked Questions
Stamp Duty Not Included
Government stamp duty charges apply to registered documents and vary by state. These are paid directly to the government and are not part of our service fee. Your advocate will confirm the applicable amount for your state before any document is executed.
Most provisions in a term sheet are non-binding — they are statements of intent. However, certain clauses are typically binding, including exclusivity (no-shop period), confidentiality, and governing law. These must be carefully reviewed before signing.
Yes, and you should. Term sheets are negotiating documents. Founders commonly negotiate valuation, option pool size, anti-dilution mechanics, board composition, protective provisions, and pro-rata rights. The quality of your legal advice at this stage determines the quality of your investment terms for years to come.
An option pool is the percentage of equity reserved for future employee stock options. Investors often require a specific option pool size before their investment. When the pool is created before the investment (pre-money), it dilutes founders more — this is a critical negotiation point.
Exclusivity periods typically last 30–60 days from the date of the term sheet. During this period, the company agrees not to negotiate with other investors. Shorter exclusivity periods are generally preferable for founders.