Selling a Business · Document Creator
Put your deal on paper before the lawyers do.
Eleven guided steps to a South African term sheet for buying or selling a business — the price, how it is paid, the conditions, exclusivity, warranties and the restraint. Articles 2 to 10 do not bind; Article 11 does. PDF and Word, emailed to you.
15 minutes · auto-savedShare sale or business salePDF + Word output
Step 1 of 12— About you and the deal0%
The deal
Parties
Price
Conditions
Protections
Finish
Step 1 of 12 — About you and the deal
About you and the deal
Who you are, what is being sold, and whether anything must happen before handover.
A term sheet (also called heads of terms or a letter of intent) records the deal before the lawyers draft it. Most of it does not bind; confidentiality, exclusivity and costs do. Answer in plain terms — anything you are not sure of can stay “to be agreed”.
Not sure? Read share sale vs asset sale.
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This tool generates a starting-point document only and does not constitute legal advice. Always have your term sheet reviewed by a qualified attorney before signing. Get a 24-hour attorney review.