MEDIA
October 8, 2021

Term Sheets: When Are Parties Bound?

Published in: New York Law Journal |
Written by: Erik S. Groothuis

Parties negotiating business transactions often find it useful to memorialize key provisions they have agreed upon in a term sheet. Sometimes the parties will sign at the bottom. When doing so, they may have very different expectations about whether their term sheet is enforceable, particularly where the parties contemplate a later written agreement that is not ultimately executed. Read more>>