A term sheet is basically a quote and a commitment toward the quote. It is usually offered by the solution provider and provides the terms and the prices under which they will offer the solution to you.
A term sheet consideration is the reverse. It is the pricing barrier provided by you, the customer to the solution provider and say, this is what I am willing to pay.
This short video explains why it is important.
This page was last updated on March 16, 2020.