Article - Term sheet trends in the venture capital

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Closing conditions (getting across the finish line).

The term sheet will likely set out the hurdles that must be cleared before the investor will fund the transaction. Conditions usually include the satisfactory completion of due diligence (a critical part of any investment) and the finalizing of definitive documentation. Conditions can also be more fundamental to the company's existing structure, and may involve implementing a new stock option pool or renegotiating employment contracts.

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