# Term Sheet

A term sheet template for outlining key business terms, based on Common Paper's standard form. A simple topic-and-details format for early-stage deal discussions.

**Standard Terms:** https://commonpaper.com/standards/term-sheet

## Cover page fields

| Field | Description | Options |
| --- | --- | --- |
| Company Name | Official name of the company |  |
| Topic | Topic or subject area of the term |  |
| Topic Details | Details about the topic |  |
| Party 1 Signatory Type | Whether the first party signatory is an entity or individual | [ ] Entity<br>[ ] Individual |
| Party 1 Signatory Name | Full legal name of the first party's signatory |  |
| Party 1 Signatory Title | Title/role of the first party's signatory (entity only) |  |
| Party 1 Signatory Company | Company name for the first party signatory (entity only) |  |
| Party 1 Signatory Email | Notice email address for the first party |  |
| Party 2 Signatory Type | Whether the second party signatory is an entity or individual | [ ] Entity<br>[ ] Individual |
| Party 2 Signatory Name | Full legal name of the second party's signatory |  |
| Party 2 Signatory Title | Title/role of the second party's signatory (entity only) |  |
| Party 2 Signatory Company | Company name for the second party signatory (entity only) |  |
| Party 2 Signatory Email | Notice email address for the second party |  |

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Based on the Common Paper Term Sheet, available at https://commonpaper.com. Licensed under CC BY 4.0. Copyright Common Paper, Inc.

_This template is a drafter's starting point. It does not constitute legal advice. Workflow support only. Not legal advice._

CC BY 4.0. Cite as OpenAgreements contributors, *Term Sheet*, OpenAgreements (last updated June 24, 2026), https://openagreements.org/templates/common-paper-term-sheet.

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