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This blog post explores certain specific terms in term sheets that will create legally binding obligations.

Schall launch feature

Partner Gary Schall shares some practical advice about term sheets: Don’t attempt any transaction without one.

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Pros and Cons of Strategic Investors in Early-Stage Companies
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Commonly Considered Option Program Enhancements: Part IV – Employee Loans To Purchase Shares
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Commonly Considered Option Program Enhancements: Part III – Granting Options with Extended Post-Termination Exercise Periods