Deal Structure Entrepreneur Preferred Stock Security 
Gust
OCTOBER 5, 2011
A term sheet keeps things relatively straightforward by summarizing the most significant deal terms in outline form, whereas the deal documents themselves (often referred to as definitive agreements ) — even for a relatively simple convertible debt financing — inevitably contain some densely written legalese.
Gust
OCTOBER 26, 2011
On the investor side, representations and warranties in the purchase agreement primarily relate to securities law compliance. Many angels are comfortable enough to work without legal counsel in deals that follow the established patterns they’ve seen many times before, whether structured as convertible debt or preferred stock.
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