FORM 23-2 Term Sheet (Non-Binding) for an International Joint Venture
Introductory Note
This is a sample of a non-binding term sheet for an international joint venture. As we discussed in Chapter 23, there are many possible variations on the purpose and terms of joint ventures for digital technology companies.
This form shows the way that a term sheet outlines the essentials of a proposed joint venture deal such as the business purpose, structure, finance and management of the proposed venture. The term sheet is a conceptual document that does not bind the parties to form or fund the entity.
The following term sheet outlines a fictitious deal between a US-based software supplier called SecureSoft, Inc. and a Korean company named KoreaSoft Corp. ...
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