2019 Term Sheet Workshop

Event: 2019 Term Sheet Workshop
Host: Lee and Li, Attorneys-at-Law / Epoch Foundation / Garage+
Date: April 19, 2019 09:30 - 17:30
Venue: Garage + (9F, Chai Hsin Back Building located at No. 96, Sec. 2, Zhongshan N. Rd., Zhongshan Dist., Taipei City)

Lee and Li, Attorneys-at-Law, along with Epoch Foundation / Garage+, held the Term Sheet Workshop on April 19. Our partner Lihuei Mao, senior attorney Derrick Yang and Christina Chiang shared their practical insights on the key provisions in the term sheet and transaction documents, and accompanied around 20 startups to join the mock negotiation with VC partners such as CDIB. In the negotiation session, our attorneys represented the startups to provide them with prompt assistance in clarifying the contents of the term sheet. The attendees responded with positive feedbacks. We will keep communicating with the startups and join effort to build the eco system for fostering innovation and entrepreneurship in Taiwan.

  • Agenda:
Time Topic Speaker Memo
09:30-12:30 Agenda  
12:30-14:00 Lunch  
14:00-15:30 Negotiation Exercise
  • Startups were divided into five teams, each having three to four members.
  • A total of four rounds of negotiation sessions, each took around 20 minutes. Garage+ assigned the Investors in the first two rounds and left the Investors for the remaining two rounds to be freely chosen by the startups.
  • The goal for the startups was to procure a mock term sheet agreed by the Investors.
15:30-16:30 Conclusion  
16:30-17:00 Networking