What should I know about term sheets?

What should I know about term sheets? by @R44D

Answer by Raad Ahmed:

A Term Sheet is a non-binding agreement outlining the basic terms and conditions for an investment that essentially serves as a foundation document for more detailed legal documents.

It looks something like this:

Source: The Startup Dictionary | LawTrades

What should I know about term sheets?

[index]
[index]
[523.251,659.255,783.991]
[523.251,659.255,783.991]
[523.251,659.255,783.991]
[523.251,659.255,783.991]