Q: What are the key provisions of the Chisholm term sheet?
A: The Chisholm term sheet is typical for investments in early-stage companies. Investors have the right to an exit at fair market value within a reasonable period, usually five years. Investors also have the right to timely access to information and management. Chisholm always has a Board role at least in the initial stages of an investment. If the company badly misses its plans, the Board can change management.