Comments on: Both sides must be fair in a term sheet negotiation. https://berkonomics.com/?p=1988&utm_source=rss&utm_medium=rss&utm_campaign=both-sides-must-be-fair-in-a-term-sheet-negotiation Dave Berkus' business insights Tue, 20 May 2014 19:01:37 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Bob Chalfant https://berkonomics.com/?p=1988&cpage=1#comment-24821 Tue, 20 May 2014 19:01:37 +0000 https://berkonomics.com/?p=1988#comment-24821 Harry,
Your term sheet will probably include things like:
– nonbinding
– no-shop
– antidilution
Well, if it’s non-binding then you should be free to continue shopping the idea. Otherwise, if the deal does not close, you’ve lost 6 weeks to a month.
Antidilution is intended to screw you and is usually thrown out by the follow-on investors, so get rid of that onerous term.

For a 21st century term sheet, do some research here: http://www.seriesseed.com/

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