Apr 25, 2016 · The Delaware Supreme Court recently reminded us in SIGA Technologies Inc. v. PharmAthene, Inc., that “non-binding” term sheets may be more binding than the parties to a term sheet realize. In SIGA, the court ruled that a party to a term sheet could recover expectation damages (damages to compensate for a party’s lost “benefit of […]
Jul 10, 2013 · Tire-kickers, prevaricators and those who might otherwise agree on a term sheet with little intention of closing the deal beware: A "non-binding" term sheet is sometimes binding. At least so says the Delaware Supreme Court. In SIGA Technologies v. PharmAthene, Inc., No. 314, 2012 2013 Del. LEXIS 265 ...
Here are some great term sheet and fundraising resources on the web for you. Getting Started. Resources and Term Sheets available for download on the TechStars site, with documents created by Cooley, LLP: TechStars Docs. Free Sample Term Sheets from Series Seed and Ask the VC: Seed Term Sheet and Series A Term Sheet. Equity Term Sheets The mezzanine debt term sheet referred to in this ASX announcement is indicative in nature; it is non-binding and contains the general terms of a proposed transaction. Any future commitment will be subject to and is contingent upon all internal approvals
the Comprehensive Community Services Agreement to February 1, 2014; and . WHEREAS, it is the intent of the arties by this P Second Amendment to amend such Term Sheet to extend and restate the effective date of the obligations of the basic terms and conditions of the Comprehensive Community Services Agreement.