Heads of terms drafter
Drafts the heads of terms for a board or advisory seat, capturing scope, time commitment, compensation, expenses, IP ownership, and termination rights.
In / outVerbally agreed deal parameters → heads of terms document covering scope, time, compensation, IP, and termination
You might say…
“We've agreed the broad shape of the deal in conversation but I want something in writing before a formal appointment letter arrives.”
What it does
Turns the agreed points from the negotiation into a clean heads-of-terms / term sheet capturing scope, cadence, commitment, compensation, equity terms, and exclusivity, in language ready to hand to a lawyer for the formal agreement. Used once the back-and-forth has converged, to lock the deal before drafting.
Trigger: Use once verbal agreement is reached on an advisory seat to produce a heads of terms document that locks the deal before formal contracts are issued.
Recognise the problem?
The primitives are the commodity part. The fastest next step is a conversation about composing them into something that works for you.
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