TERM SHEET

Date: [Date]

Parties:

[Your Name], [Your Comppany Address]

[Party 2 Name], [Party 2 Address]

Subject: [Subject/Purpose of Agreement]

1. Overview

This term sheet outlines the principal terms and conditions under which and [Partner's Company Name] propose to enter into a business relationship concerning [Description of Business Relationship].

2. Key Terms

2.1. Agreement Duration

Start Date: [Start Date]

End Date: [End Date]

2.2. Responsibilities

[Your Name] will:

• [Responsibility 1]

• [Responsibility 2]

[Party 2 Name] will:

• [Responsibility 1]

• [Responsibility 2]

2.3. Financial Terms

Total Amount: [Total Amount]

Payment Schedule: [Payment Schedule]

3. Conditions

3.1. Conditions Precedent

List any conditions that must be met before the agreement comes into effect.

3.2. Termination Conditions

The agreement may be terminated by either party under the following conditions: [Termination Conditions]

4. Confidentiality

Both parties agree to maintain confidentiality regarding any proprietary information shared during the term of this agreement.

5. Governing Law

This term sheet and any related agreements shall be governed by and construed in accordance with the laws of [Governing Jurisdiction].

6. Acceptance

This term sheet is non-binding and reflects the mutual intentions of the parties regarding the proposed transaction. A formal agreement will be negotiated, agreed upon, and executed by the parties.