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Can I write “To be determined” or “To be negotiated” in the Term Sheet Consideration?

The question in full

Explains why term sheet consideration cannot be left as TBD or TBA and what specific details startups must provide when submitting a term sheet.

Answer

No. Unfortunately, that is not permitted. You need to fill out the term sheet with valid numbers. A term sheet cannot be set up as “TBD” (To Be Determined) / “TBA” (To Be Announced).

Please kindly fill it out with actual numbers so that the solution providers can indeed review your request and comment back on your offer for them to consider.

Also, please provide the following along with your term sheet submission:
(i) MUST HAVE US States (assuming you cannot get nationwide coverage)
(ii) MUST HAVE Payout Countries to start with.

Can I write “To be determined” or “To be negotiated” in the Term Sheet Consideration?

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