Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

You’re in the thick of week two of negotiations on a term sheet with a potential investor and you can’t help but wonder why you’re spending so much time on a document that has “nonbinding” written all ...

January 11, 2024 - When negotiating licenses to intellectual property (IP) or collaboration agreements (such as research partnerships, sponsored projects, and joint ventures), universities frequently ...

Critically, term sheets can also vary in their enforceability—some being binding, some nonbinding or some combination of the two. When deals run into trouble, or fall apart completely, litigants will ...

Many successful legal agreements begin with the term sheet; a document listing the key points of the business deal that has been struck between the parties. A deal point can be as simple as the ...

Avoiding Pitfalls in Preparing a Mediation Term Sheet If the term sheet contains all of the material terms of the parties' agreement and is expressly made enforceable in the absence of a more formal ...