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How much less money would accept to retain the right to go to trial? Option A: sell company for $25 million and waive right to trial Option B: sell company fo
by freddie_mercury 7y ago
How much less money would accept to retain the right to go to trial?
Option A: sell company for $25 million and waive right to trial
Option B: sell company for $20 million and don't waive right to trial
Term sheets are negotiable, if you actually care that much about retaining the right to a jury trial. Just tell your lawyer to strike out the term and accept less money in exchange.
- x0x0 7y agoThe point of this term sheet is presumptive starting terms. Those are not founder friendly terms. Obviously my lawyer is there to help me, but there's a lot of inertia to starting terms.