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TERM SHEET Dan Makovich Director of Athletics TERMS ARE SUBJECT TO THE APPROVAL OF THE CLEMSON UNIVERSITY BOARD OF TRUSTEES COMPENSATION Committeemen June 30, 2024 (end of FY24) Signing Incentive
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To fill out a term sheet, follow these steps:
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Start by entering the date at the top of the term sheet.
03
Provide the details of the parties involved, such as the names of the buyer and seller or the borrower and lender.
04
Specify the purpose of the term sheet, whether it is for a business acquisition, loan agreement, or investment transaction.
05
Include the terms and conditions of the agreement, such as the purchase price, payment terms, interest rate, and any milestones or deadlines.
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Outline the rights and obligations of each party, including any warranties, representations, or covenants.
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Consider including provisions for confidentiality and non-disclosure to protect sensitive information.
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If applicable, address any contingencies or conditions precedent that need to be met before the agreement becomes binding.
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Review the term sheet thoroughly to ensure accuracy and clarity.
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Once both parties agree on the terms, sign and date the term sheet to indicate mutual acceptance.
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Keep a copy of the signed term sheet for future reference and proceed with further legal documentation if necessary.

Who needs term sheet - dan?

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Term sheets are commonly used by various individuals or entities involved in business transactions, including:
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Term sheets serve as a preliminary agreement outlining the key terms and conditions of a transaction. They help the parties involved to establish a framework and negotiate further legal documentation. Therefore, anyone engaging in such transactions can benefit from using a term sheet to clearly define their intentions and protect their interests.

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A term sheet is a non-binding document that outlines the key terms and conditions of a proposed agreement, often used in investment deals.
Typically, issuers of securities or companies seeking investments are required to file a term sheet.
To fill out a term sheet, you should include details such as the investment amount, valuation, rights of investors, and any conditions or contingencies.
The purpose of a term sheet is to provide a clear outline of the terms agreed upon by the parties involved, serving as a basis for drafting definitive agreements.
Information such as the valuation of the company, investment amount, type of security, conversion terms, and governance rights must be reported.
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