A term sheet locks the commercial deal in a few pages so the definitive documents can be drafted around it. Whether you are the company sending to investors or an investor sending to companies, a GTC attorney drafts the structure — valuation, instrument, pro-rata, board, liquidation preference — and the standard legal terms. Commercial terms and whether to do the deal stay your call.
$995 Flat fee, quoted up front · Company-side or investor-side
Terms set
Valuation & control
Leverage kept
Founder-friendly
Move fast
To definitive docs
Trusted by founders and brands worldwide
How it works
Sixty minutes. Valuation expectations, target round size, instrument, board structure, liquidation preference, and anti-dilution preference. We model the dilution before drafting so you see what the deal does to the cap table.
The term sheet is drafted to the agreed structure and reviewed with you before it is sent out. If you are the recipient of a draft, we review it against your priorities and mark up what needs to change.
Term sheets usually settle in a week or two of back-and-forth. Most terms are non-binding except exclusivity, confidentiality, and expense-reimbursement provisions. Definitive documents follow the signed term sheet.
What it costs
Term Sheet Drafting is $995. A standard term sheet is a flat fee, quoted in writing before any drafting begins — one attorney-drafted term sheet, structured to current market terms, with the dilution modelled first. There is no partner-hour billing and no quote after the fact. Complex syndicate term sheets and M&A term sheets carry more structuring and are scoped separately. There are no government or filing fees on a term sheet, so the quoted fee is the cost.
What's included
We draft the term sheet and advise on the legal structure. Whether to do the deal, and on what commercial terms, stays your decision — we do not give investment advice or guarantee a fundraise or an acquisition.
Get started
Tell us about the round or the deal, and a GTC attorney will scope the term sheet and confirm the flat fee before drafting begins.
Brand details
E.g. 'ACME Series A Term Sheet', 'Project Falcon Acquisition LOI'.
Drives the standard clauses we include.
Legal name + brief description of each party. Your side first.
For fundraising: pre-money valuation, round size, lead investor. For M&A: purchase price, structure (cash/stock/earnout). For partnerships: rev share, exclusivity, term.
If the other side sent a term sheet, upload it here. We will review and propose markups.
Why GTC
We run the cap table through the proposed valuation, instrument, and option pool before a word is drafted. You see the post-money ownership and the founder dilution, so the terms you send reflect the deal you want.
Valuation, instrument, pro-rata rights, anti-dilution, liquidation preference, participation, board composition, and protective provisions are each set out clearly. The commercial deal is pinned down so the definitive documents have nothing to re-litigate.
We draft from whichever side of the table you sit on. Sending to investors as the company, or sending to companies as the investor — the structure and the standard terms are built to protect your position either way.
An attorney drafts to current market terms — weighted-average anti-dilution, 1x non-participating preference for venture rounds, standard no-shop length. You get a term sheet a counterparty's counsel recognises, not a template that invites a fight.
Your Customer Success Team
Every GTC client gets a dedicated Account Manager and a Senior Account Manager who learn your business and stay with you from first email to final filing. They are named people who pick up the phone and already know your matter, so every step moves forward without delay.
Your day-to-day point of contact, who coordinates every matter, keeps things moving, and already knows your file. They have your full history, so you start every conversation where the last one left off.
Senior oversight on strategy and escalations, stepping in as your needs grow, so every important detail stays on track.
A named person, on email or a call, at every step.
How we compare
| What you get | GTC | Online filing services | Doing it yourself |
|---|---|---|---|
| Attorney drafts the term sheet to current market terms | Sometimes | Sometimes | |
| Dilution and cap-table impact modelled before drafting | |||
| Flat fee quoted up front, not partner-hour billing | |||
| Drafts from either side — company-side or investor-side | Sometimes | Sometimes | |
| Binding vs non-binding clauses called out explicitly | |||
| Same team carries the deal into the definitive documents |
Attorney drafts the term sheet to current market terms
Dilution and cap-table impact modelled before drafting
Flat fee quoted up front, not partner-hour billing
Drafts from either side — company-side or investor-side
Binding vs non-binding clauses called out explicitly
Same team carries the deal into the definitive documents
The timeline
A clean term sheet in days means the definitive documents that follow are far cheaper to draft. Here's the sequence and where you steer it.
Sixty minutes. Valuation, round size, instrument, board structure, liquidation preference, and anti-dilution. We model the dilution before drafting so the structure is settled before a word is written.
The term sheet is drafted to the agreed structure and reviewed with you. If you are the recipient of a draft, we review it against your priorities and mark up the changes that matter.
Term sheets typically settle in a week or two of back-and-forth. Most terms stay non-binding, except the exclusivity, confidentiality, and expense provisions.
Once signed, the term sheet anchors the SPA and the ancillary agreements. The commercial deal is locked, so the lawyers draft around a settled structure.
In their words
One accountable team across every practice, operating since 2016.
Term Sheet Drafting FAQ
Draft the term sheet.
A free consultation. We'll talk through the round or the deal, model the dilution, and confirm the flat fee before any drafting begins — so the term sheet you send reflects the deal you want.
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