July, 2018
Most business deals start with a term sheet setting forth the material terms and conditions of the agreement. For the social enterprise deal, provisions relating to social impact, values, or mission, are important to impact investors and entrepreneurs alike.
The panel discussed use of the term sheet structure as a way to identify, articulate, and enshrine social values and mission into impact investment transactions. The panel also contrasted traditional term sheet provisions with non-traditional “social” term sheet provisions that establish clear understandings around mission and impact at the outset and guide the preparation of legal documents.
Speakers
Allen Bromberger, Partner, Perlman & Perlman
Teresa Pahl, Partner, Hanson Bridgett