Sprintlaw offers smart, simple and affordable legal solutions for small businesses and startups.
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Why do I need a Term Sheet?
A Term Sheet is a short form document that contains the key terms of a commercial arrangement. Even though they’re generally not legally binding, Term Sheets are extremely useful for agreeing on key commercial terms before you put together a long form contract. Our online lawyers can help you out with the process.
A Term Sheet tailored to the needs of your business
Phone consultations with our expert lawyers
Fast turnarounds
Fixed-fee pricing
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A Term Sheet is an agreement that outlines the basic terms of a commercial arrangement. It often serves as a stepping stone for more detailed documents and is used to facilitate negotiations, and it is generally not legally binding.
A Term Sheet ensures that the major aspects of the deal are set out and minimises the risk of a misunderstanding. It is often a useful way for parties to agree upon key terms without incurring exorbitant legal fees.
Generally, a Term Sheet will not be legally binding unless it is expressly stated in the document. Businesses usually start off with Term Sheets early on in the business journey to map out the key terms of a business relationship (for example, terms between founders) before they solidify these terms by way of a legally binding agreement later down the track.
Our fixed-fee Term Sheet packages begin at £300 + VAT. This includes a Term Sheet drafted to meet the requirements of your business, phone consultations with a Sprintlaw lawyer, and a complimentary amendment to the final draft we provide you.
Sprintlaw is a new type of a legal practice called a ‘legal consultancy.’ This is a new, innovative model of practice which has been available since 25 November 2019 when the Solicitors Regulation Authority (SRA) rolled out certain regulatory reforms in England and Wales. You can read more about legal consultancies in our ‘FAQs’ page, here.
To work with us, just submit an enquiry through the site. After you’ve submitted an enquiry, one of our legal project managers will review your enquiry within 1 business day and get in touch to get a better idea of exactly what you are looking for.
Then your legal project manager will send through an email with a bit more information about the services you need, along with a fixed-fee quote setting out costs, scope of the service and timing. Have a read through it, and if you’re happy with the scope, you can accept and sign our engagement letter online – easy!
Once you’ve formally accepted, we’ll connect you with one of our lawyers and they will work with you to complete your project over email, phone and/or video chat – whatever you’d prefer
Our team is made up of experienced lawyers, who are specialists in various areas of law. Many of our team have trained at leading law firms and left the traditional corporate law world to join us on our mission to create a new and better way of delivering legal services. Our team has expertise in all areas of startup law, including technology law, intellectual property law, contract drafting and review, corporate law and commercial law.
Our use of technology allows our team members to work remotely from around the world, including the UK and Australia. We generally work with our clients entirely online and over the phone. Our UK team often work out of Flow Space co-working spaces in London.
We’re an award-winning, totally online law firm. Forget the hassle of meeting a lawyer face-to-face. Our top-trained lawyers are ready to help wherever you are.
Our lawyers were recruited from top law firms and use our custom-built technology to provide a better and more affordable legal service.
1 / Get a free quote
Our legally trained consultants will prepare a fixed-fee quote for you.
2 / Accept online
Accept your fixed-fee quote and e-sign our engagement letter.
3 / Speak with a lawyer
Our expert lawyers will talk you through your project via phone, video call or whatever suits!
That's it!
Receive your completed project, usually within 5 - 10 working days.
Adapt Leadership
“Can't speak highly enough of my experience with Sprintlaw - quality advice, fast and efficient responsiveness and a professional product.”
Kiindred
“I had a fantastic experience with Sprintlaw - it was easy, cost-effective and their lawyers provided very high quality advice. I could tell they really cared about my business.”
Soul Burger
“They’ve helped us tremendously and are seriously knowledgeable and honest. Couldn’t recommend the crew at Sprintlaw more!”