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Standardized Term Sheets May Not Protect Your Interests

Law360 (April 6, 2018, 12:12 PM EDT) -- Novelists stare at the blinking cursor on their blank screens. Anguished artists confront the empty canvas. Starting from scratch can be agonizing for creatives, but entrepreneurs who want to draft a term sheet or a definitive agreement for a financing don’t have to wait for inspiration to strike.

Even a quick internet search yields multiple versions of documents typically used for early-stage private financings. SeriesSeed.com has forms. So do Y Combinator and the National Venture Capital Association.

These documents are often collaborations by investors, attorneys and...
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