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Venture Capital MCQs

What is the term sheet used for once it is agreed upon and signed?

It is the legally documented agreement between the venture capitalist and the target company.

It is used as an outline for the legal team to draw up the official legal agreement between the venture capital firm and the target company.

It is a guideline for future operations.

It is similar to a business plan for the upcoming year.

Answer

Correct Answer: It is used as an outline for the legal team to draw up the official legal agreement between the venture capital firm and the target company.

Explanation:

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