Exploding term sheet(redirected from Exploding Term Sheets)
Exploding term sheet
Exploding Term Sheet
In venture capital, a term sheet for a business agreement that may not be finalized. A term sheet is a preliminary agreement between a venture capital firm and a business it intends to finance; it outlines the terms of what each party expects from the other, usually in a bullet point fashion. It is not usually binding. A term sheet may "explode" if either party backs out of the deal and the term sheet does not culminate in a final contract between the venture capital firm and the business.