how important is legal counsel when creating or reviewing a term sheet 
legal counsel is essential when creating or reviewing a term sheet to ensure that the terms are clear fair and protect your interests an experienced attorney can help identify potential issues and provide valuable negotiation advice who prepares a term sheet depending on the financial instrument different parties may be the one to prepare the term sheet for seed round investments investors often provide a term sheet when offering their private investment for loans lending institution will often provide a term sheet to prospective borrowers 