Term sheet

We are experts in drafting concise and clear term sheets that protect your interests. We have the experience to know what to focus on, and we have the tenacity to do the negotiating for you.

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Term sheet

Protect yourself with bespoke legal documents

Don't risk your business with a DIY template, an auto generated legal document or an unsuitable law firm.

Our team of expert commercial lawyers will tailor bespoke legal documents to suit your unique needs and prioritise the commercial considerations for your business success.

What you get:

  • Free consultation
  • Done for you tailored legal documents to suit your needs
  • Initial drafting and review + one round of amendments
  • Practical legal advice
  • Done for you tailored legal documents to suit your needs
  • Initial drafting and review + one round of amendments
  • Practical legal advice
  • Fast turnaround times (5-7 days)
Bespoke pen
Commercial negotiations are long and costly

Negotiating a large equity raise can be very complicated and take a long time. The lawyers get involved and argue about a lot of terms which you may barely understand, meanwhile the respective parties may change their position in relation to key terms of the deal.

A term sheet can help with this process by simply setting out just the main commercial terms of the deal, before the lawyers will get stuck into the more complex and comprehensive terms of the shareholders agreement and subscription deed. However, if you get things wrong in the term sheet, you may be locked into poor investment terms when it’s time to finalise the deal.

 

Minimise the risk of misunderstanding

Negotiations that extend for long periods of time can hinder your business’ growth plans (whilst also costing a small fortune). Without a qualified lawyer carefully pinpointing where there are discrepancies between parties, and where there is wiggle-room for negotiation, you run the risk of sitting idle due to drawn-out misunderstandings and tense negotiations. You could also risk agreeing to unfair terms in relation to warranties, control of the company, or payment milestones. Even worse, the deal could possibly collapse and you may be liable for the legal and admin fees of the investor.

 

Let us do the hard negotiation for you

We are experts in drafting concise and clear term sheets that protect your interest. We have the experience to know what to focus on, and we have the tenacity to do the negotiating for you. We understand that when it comes to your commercial arrangements, you want the most bang for your buck (and no surprises). A proper term sheet in place will ensure that you will get the best deal possible, and reduce the possibility of the other party pulling out of the deal or attempting to change it.

Frequently asked questions

Can I do this myself?
The simple answer is yes - you could register your company yourself through the Australian Government’s Business Registration Service (BRS) or through a number of online providers if you wish. The true answer is that doing this is risky and not advised; even the most seasoned and experienced operators will often be unclear of the best structure required to suit their company’s strategy moving ahead. Realistically, for all startups, it is absolute best-practice to seek legal advice to tailor your company set-up to your needs.
Are your documents automatically generated?
No, all of our documents are drafted by human lawyers after careful consideration of your personal circumstances. We are a law firm offering bespoke legal documents and advice, not an automatic document generation service. This means we are liable if something goes wrong (unlike automatic providers).
Is the price a fixed-fee?
Yes. However, the fixed fee covers the initial draft and one round of amendments, based on your initial instructions. After that, if you still want further amendments or changes to the scope, we charge in accordance with our Fixed Fee Terms.
Can I speak or meet with a lawyer, and will this cost extra?
Of course! Our quoted price includes reasonable access to our lawyers by phone, email, or meeting, in accordance with our Fixed Fee Terms.
What if I need this urgently?
We pride ourselves on fast turnarounds. If this matter is urgent, please let us know and we will try our best to deliver it within an acceptable timeframe.
This package doesn’t suit me, can I create my own one?
Certainly! Please speak to our lawyers by phone or email and we will endeavour to create a package which specifically suits your needs. Click here to schedule your free consultation.
What if the document or advice I need isn’t on the website?
Not to worry - this website only lists the most common services we provide. Feel free to contact us in order to see if we can help you out with something which isn’t listed here.

Term sheet

  • Free consultation
  • Done for you tailored legal documents to suit your needs
  • Initial drafting and review + one round of amendments
  • Practical legal advice
  • Fast turnaround times (5-7 days)
Schedule free consultation

This service is provided subject to our Fixed fee terms. Additional amendments are charged by hourly rate. In some cases, we may not be able to fulfil your request. If we cannot fulfil your request then you will receive a full refund within 48 hours of notice.

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Looking for practical legal advice?

Tell us about your legal needs and we’ll get back to you within 1 business day.

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Expert commercial lawyers
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Fast & responsive turnaround
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Transparent fixed legal fees

The simple way to buy legal protection

Enjoy fixed fees, discounted packages, and fast turnaround times.

1

Order a document or package

Order the individual legal documents you need or save money by upgrading to a bundled package.

2

Talk to us

We'll call you in the next 48 hours to confirm your details and needs.

3

Fast turnaround times

Our team of expert commercial lawyers will draft bespoke documents to suit your needs within 1 week.

Our team of expert commercial lawyers will draft bespoke documents to suit your needs within 1-3 days.

4

Implement protection

Start using your new legal documents in your business to operate with protection and confidence.

Our client satisfaction guarantee

Built to empower startups and entrepreneurs, here is how we aim to set you up for success.

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Expert commercial lawyers

Receive practical legal advice in uncomplicated English that prioritises the commercial considerations for your success.

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Fast & responsive turnaround

Gain the speed advantage over your competition with our fast turnaround and responsive communication.

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Fixed fee packages

Forget the 6 minute billables. Enjoy the transparency and affordability of our fixed legal fees, tailored to your needs.

Hear from our happy clients

We happily support startups and entrepreneurs in over 30+ industries all across Australia.

Food & dining
5 star rating

"Took away all the stress"

Extremely professional, reliable & efficient. Made the sale of my business very easy and took away all the stress of trying to understand a complicated contract. Doron was very easy to work with and I’m looking forward to working with him and his team in the future. I highly recommend their services.

We helped with:
Setting up
Contracts
Employing staff
Protecting IP
Getting finance
Exits & acquisition

Giorgina Venzin

General Manager @ Venzin Group

WebsiteLinkedIn
Software development agency
5 star rating

"Ideal for any startup business"

Doron from UX Law has helped my startup and my software development agency with matters such as shareholder agreements, terms and conditions, development agreements, employment issues, debt collection, IP advice and much, much more. Besides his obviously high quality advice, Doron’s fast turnarounds, approachability and commercial understanding make him ideal for any startup business.

We helped with:
Setting up
Contracts
Employing staff
Protecting IP
Getting finance
Exits & acquisition

Vaibhav Namburi

Director @ Five2One

WebsiteLinkedIn
Social e-commerce
5 star rating

"Very knowledgable & very responsive"

UX Law and Doron have been excellent in supporting our business. Very knowledgable and very responsive which is important in fast-moving start-up space for us. They've recently advised us on a large capital raise as well as many other things along the way. Highly recommended!

We helped with:
Setting up
Contracts
Employing staff
Protecting IP
Getting finance
Exits & acquisition

Mat Colbron

Co-founder @ Tell Me Baby

WebsiteLinkedIn
Co-working space
5 star rating

"Got us out of a situation that could’ve been catastrophic"

Fantastic service, Always made themselves available when needed. Great advice and got us out of a situation that could’ve been catastrophic for our business and very reasonably priced especially when compared to quotes from other firms. Highly recommend.

We helped with:
Setting up
Contracts
Employing staff
Protecting IP
Getting finance
Exits & acquisition

Alexander Eisman

Founder @ Aeona

WebsiteLinkedIn
Fintech
5 star rating

"Practical advice in simple language and fast response times"

An ideal law firm for startups and emerging businesses, UX Law always deliver practical advice in simple language and fast response times. They have helped our startup business with issues like shareholder exits, terms and conditions, director deeds, employment issues and more. A pleasure to work with - highly recommended!

We helped with:
Setting up
Contracts
Employing staff
Protecting IP
Getting finance
Exits & acquisition

Zakaria Bouguettaya

Co-founder @ Qpay

WebsiteLinkedIn

There's more from where that came from

Check out our testimonials page for more stories on how we've helped businesses like yours achieve their business goals with us on their team.

See more testimonials

Protect yourself now or upgrade to a package and save

Standalone

Term sheet

  • Free consultation
  • Done for you tailored legal documents to suit your needs
  • Initial drafting and review + one round of amendments
  • Practical legal advice
  • Fast turnaround times (5-7 days)
Popular!

The Basic Investment Package

  • Unlimited contact us via phone or email*
  • Legal health check
  • 1
    Term sheet
  • 2
    Shareholders agreement
  • 3
    Subscription deed
Bespoke package

The Legal Advisor Package

  • Free consultation
  • Tailored legal package complete with all the legal documents you need to protect your business
  • Bundled package discounts
  • Transparent fixed fees
  • Fast turnaround times
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