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Importance of a Term Sheet

A term sheet is a crucial report, specifically for an Indian entrepreneur. For instance, when a businessman has been negotiating and drafting an agreement for a long time now, the chances of finding the fundamentals of the contract not agreed upon is much high. However, in scenarios such as the above, a term sheet fixes the conflict by stating the core groundwork for the final commitment. The term sheet thereby helps emulate the expansive agreement of the consenting groups on the tangible conditions, such as cost, portions, appraisal, alertness and pre-emption.

All the fields are monidatory.

Registration Process

Online Registration

Benefits of a Term Sheet

Prevent Unwanted Expenses

A term sheet is commonly used to arbitrate the discrepancies on the essential facets of any trade contract before outlining the actual agreement, thereby avoiding any unwanted expenses from a company's reserves.

Time-Saving

A term sheet is drafted to put a plan in place for the consenting parties involved instead of drafting a contract that is being refused by both. However, the details of the clauses won’t be present, but rather contain the fundamentals of how they would be reached upon.

Term Sheet Process

3 BUSINESS DAYS

Upon contact, your request to file for a Vendor Agreement will be received and our representative will be in touch with you to take your request forward. If we need more information from your end, we will call you as and when required. After we receive all your details, our in-house lawyers and legal experts, will create the Vendor Agreement and send it across for your view within 2- 4 business days.

2 BUSINESS DAYS

Your original price includes two rounds of iterations. Therefore, if you need any changes done to the Vendor Agreement, our lawyers will do the needful and send it across to you for your view once again.

Why Bright Legal Registration Services

LEGAL EXPERTS AT YOUR REACH

At Bright Legal Registration Services, we can deliver all your documentation requirements in just four working days. And if you're not totally satisfied, we'll take another couple of days to work on the modifications you need. All at the lowest price, both online and offline.

9.1 CUSTOMER SCORE

We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

200+ STRONG TEAM

Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.

FAQs on Provisional Patent

A patentable invention can be any (1) Art, process, method or manner of manufacture, (2) Machine, apparatus or other articles, (3) Substances produced by manufacturing, (4) Computer software with technical application to industry or used with Hardware, and (5) Product patent for food, chemicals, medicines and drugs.

20 years from the date of filing for a provisional or permanent patent, the patent falls into the public domain.

The details of the invention on a CD or pen drive, along with its name, comparison with existing products, uses and date of publication (if any). Applicant information is also required.

A patentee must disclose the invension in the patent document for anyone to practice it after the expiry of the patent or practice it with the consent of the patent holder during the life of the patent.

It is, therefore, effective only in India. However, filing an application in India enables the applicant to file a corresponding application for same invention in convention countries, within or before expiry of twelve months from the filing date in India. Therefore, separate patents should be obtained in each country where the applicant requires protection of his invention in those countries. There is no patent valid worldwide.

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