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Term Sheet (Commercial)
US$99
The Problem
You need a Term Sheet for your commercial deal!
Related challenges include:
- you know a quality document is crucial to deal efficiency
- if you don’t provide the Term Sheet you will be forced to accept whatever the investor gives you
- precedents are available online, but they are of dubious quality and aren’t tailored to your needs
- you have limited budget for external support
- it is the first time you have done this type of deal
Cancel those plans as another unnecessary night of cobbling something together lies ahead. Hopefully it will do…
The GLS Solution
This Term Sheet is used to clearly identify and agree the key commercial terms and over-arching principals that will govern your supply agreement.
Like any commercial arrangement, ensuring that both parties clearly understand their respective rights and obligations is key to a successful and productive relationship.
Our Term Sheet template is designed by world-class lawyers to be comprehensive, easy to understand and easy to use.
A good Term Sheet is the ultimate “stitch” and will save you time and money, and lay the ground work for a successful commercial relationship.
Better documentation, cheaper, safer and faster.
GLS – Law Rewritten
Solution Deliverables
| Instant Delivery: | Your template will be promptly emailed to you and uploaded to your personal account on this GLS Website. |
| World Class Templates: | World class templates, created by world class lawyers with decades of experience at the world’s best law firms. |
| My Account: | Copies of your documents will be saved in your own work space (see "My Account / My Docs" above). |
| Constant Updates: | All our templates are regularly updated to track emerging market practices. |
| Harmonized Library: | Every GLS template is drafted so that it is harmonized with each and every other GLS template - same defined terms, clause ordering, boilerplate provisions, look'n'feel, plain English drafting - meaning that every template you buy will belong to a standard document library set. |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $99 | 7.5min |
GLS RPLV Legal Operations Score
This solution’s GLS RPLV impact score:
| Resource Status: | Specialist | Repeater | Formative |
| Ease of Implementation: | Complex | Average | Easy |
| Value Demonstration/Visibility: | Low | Medium | High |
| Productivity Leverage Profile: | Low | Medium | High |
| IHL Line Optimisation: | Single | Multiple | All Lines |
IHL Critical Function Optimisation Targets
This solution enhances performance across the following critical in-house functions:
In-House Legal: Critical Functions / Processes
Contracting
Legal Tech
Managed Service
GLS has identified 15 critical in-house processes/functions that are present in every world-class legal department. To learn what these functions are, their composition and how they interrelate to deliver efficient legal team performance outcomes - visit here.
