I'm not aware that term sheets have any contractual nature except a guideline like an LOI. Just list the terms in a single sheet to make it easy. Literally like a set of bullet points if you even want.
Jerome > On Feb 25, 2016, at 9:25 AM, JJ Englert <jeffrey9...@gmail.com> wrote: > > Hey Tony and Jerome, > > Yes, the deals have been made with my investors and everyone knows who is > getting what. Now, I am just looking for a contract template similar to a > term sheet that is specific to coworking so my lawyer can have a head start, > and I can save on some legal fees. So far my searches on the Internet haven't > turned up much. > > Thanks! > >> On Thursday, February 25, 2016 at 6:00:07 AM UTC-8, Tony Bacigalupo wrote: >> JJ, echoing what Jerome was saying, have you come to plain-language terms on >> these sorts of things already, and you're just looking for the proper >> legalese to frame around it? >> >> Welcome! >> >> Tony >> --- >> Projects: New Work Cities • Open Coworking • Cotivation >> eBook: No More Sink Full of Mugs >> Connect: Personal site • Twitter • Facebook >> New: Preorder the Ultimate Coworking Toolkit >> >>> On Wed, Feb 24, 2016 at 3:19 PM, Jerome Chang <jer...@blankspaces.com> >>> wrote: >>> Hi. Thanks! >>> >>> Term sheets and OA’s are all over the place. I would recommend searching >>> online for some examples. More importantly, in my opinion, is your >>> agreement/discussion with an investor. The docs just support the verbal >>> agreements. >>> >>> In other words, you have to figure out what equity and how you’re going to >>> give that away. >>> >>> J >>> >>>> On Feb 24, 2016, at 9:14 AM, JJ Englert <jeffr...@gmail.com> wrote: >>>> >>>> Hey Jerome, >>>> >>>> I really appreciate the response. Term sheets and operating agreements >>>> would work. I'm basically trying to give my lawyer the best starting point >>>> to minimize the expenses i'll be paying out of pocket until the contracts >>>> are signed and I receive my investments for the business. >>>> >>>> Thanks for your time and congrats on the expansion! >>>> >>>> JJ >>>> >>>>> On Tuesday, February 23, 2016 at 4:57:34 PM UTC-8, Jerome wrote: >>>>> Hi JJ. Welcome to our community! I’m in LA and have raised $ from >>>>> investors. I don’t know anything about an equity investors contract, but >>>>> I do know about term sheets and operating agreements. Is that what you >>>>> were intending? If so, they’re pretty available online, and can be as >>>>> simple or complicated as you want. >>>>> >>>>> JEROME CHANG >>>>> >>>>> CENTRAL: Mid-Wilshire >>>>> 5405 Wilshire Blvd (2 blocks west of La Brea) | ph: (323) 330-9505 >>>>> >>>>> >>>>> EAST: Downtown >>>>> 529 S. Broadway, Suite 4000 (@Pershing Square) | ph: (213) 550-2235 >>>>> >>>>> NORTH: Hollywood (Opening 2016 Q2!) >>>>> 6600 Sunset Blvd. (@Vine) >>>>> >>>>> NORTHEAST: Pasadena (Opening 2016 Q2!) >>>>> 600 E. Colorado Blvd. (@Los Robles) >>>>> >>>>> >>>>>> On Feb 23, 2016, at 3:05 PM, JJ Englert <jeffr...@gmail.com> wrote: >>>>>> >>>>>> Hello, >>>>>> >>>>>> This is my first time posting here. I am launching a coworking space in >>>>>> Los Angeles, and like all of my other entrepreneurs out there, finances >>>>>> are very limited. Therefore, in the hopes of saving some legal expenses, >>>>>> I'm hoping someone out there is kind enough to share a copy of their >>>>>> equity investors contract with me so my lawyer can have a good starting >>>>>> point and adjust as needed to fit our business model. >>>>>> >>>>>> You can email it to me at jeffr...@gmail.com >>>>>> >>>>>> Thanks in advance! >>>>>> >>>>>> JJ >>>>>> >>>>>> -- >>>>>> Visit this forum on the web at http://discuss.coworking.com >>>>>> --- >>>>>> You received this message because you are subscribed to the Google >>>>>> Groups "Coworking" group. >>>>>> To unsubscribe from this group and stop receiving emails from it, send >>>>>> an email to coworking+...@googlegroups.com. >>>>>> For more options, visit https://groups.google.com/d/optout. >>>> >>>> >>>> -- >>>> Visit this forum on the web at http://discuss.coworking.com >>>> --- >>>> You received this message because you are subscribed to the Google Groups >>>> "Coworking" group. >>>> To unsubscribe from this group and stop receiving emails from it, send an >>>> email to coworking+...@googlegroups.com. >>>> For more options, visit https://groups.google.com/d/optout. >>> >>> -- >>> Visit this forum on the web at http://discuss.coworking.com >>> --- >>> You received this message because you are subscribed to the Google Groups >>> "Coworking" group. >>> To unsubscribe from this group and stop receiving emails from it, send an >>> email to coworking+...@googlegroups.com. >>> For more options, visit https://groups.google.com/d/optout. > > -- > Visit this forum on the web at http://discuss.coworking.com > --- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to coworking+unsubscr...@googlegroups.com. > For more options, visit https://groups.google.com/d/optout. -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to coworking+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
