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hello friends in my previous video we have seen that if any company wants to raise funds either by way of a strategic investor or from an investor or to bring in some just strategic partner it is important to prepare the detailed Memorandum of information of the company now in this video today we will talk about the term sheet the very important and the first document with any prospective investor or a strategic partner or for any commercial transaction for that matter is the term sheet tongue sheet can be a binding term sheet or a non-binding come sheet but even a non-binding term sheet is binding for that period which has been allotted in that term sheet at least for the purpose of conducting the due diligence it cannot be enforceable in the court of law but the process is laid down and the process has to be honored so what are the contents major contents of the term sheet the most important thing is the valuation of that enterprise or of the division or of the stake which is under