Free Warrant Term Sheet Template
WARRANT TERM SHEET
I. Parties Involved
A. Company Information
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Company Name: [Your Company Name]
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Address: [Company Address]
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Contact Information: [Your Company Number], [Your Company Email]
B. Investor Information
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Investor Name: [Investor Name]
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Address: [Investor Address]
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Contact Information: [Investor Phone Number], [Investor Email]
II. Warrant Details
A. Warrant Type
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Employee Stock Option
B. Warrant Terms
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Exercise Price: $10 per Share
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Expiration Date: January 1, 2055
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Vesting Schedule: 4-year Vesting with 1-year Cliff
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Warrant Duration: 10 years from Grant Date
C. Warrant Conditions
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Acceleration Clause: Double Trigger Acceleration
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Transferability: Subject to Company Approval
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Adjustment Provisions: Anti-dilution Protection
III. Rights and Obligations
A. Company Responsibilities
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Make certain that individuals holding warrants are furnished with the necessary financial information promptly and within an appropriate time frame.
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Ensure that the warrants continue to remain valid and that they are capable of being enforced in a manner that is efficient and effective.
B. Investor Rights
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The entitlement to make use of warrants in compliance with the detailed terms and conditions that have been stipulated.
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The right to receive dividend payments and the entitlement to other forms of distributions.
IV. Additional Terms
A. Governing Law
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Jurisdiction: [Jurisdiction for Legal Disputes]
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Law: [Applicable Law]
B. Confidentiality
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Make certain that all data and details associated with warrants are maintained in a manner that guarantees their security and preserves their confidentiality.
C. Miscellaneous
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Warrants shall not be transferred or reassigned to another party unless prior consent has been duly obtained in the form of a written document.
V. Execution
This Warrant Term Sheet is hereby agreed upon by the undersigned parties effective as of January 1, 2050.
[Your Name]
[Your Title]
[Your Company Name]
[Investor Name]
[Investor's Title]
