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Term Sheet Drafting for Indian Startups: 2026 Guide

Last verified: 2026-05-05 In November 2015, a budget-hotel aggregator and a hostel-network startup signed a single document that read “non-binding except for confidentiality, exclusivity, governing law and approvals.” The two companies parted as collaborators. They reunited as litigants. The term sheet, the foundational document of term sheet drafting for Indian startups, was meant to bind

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