Term Sheet Level Clause Samples

Term Sheet Level. The negotiations to be pursued between the Parties under Section 8.4 with respect to a country in the Asian Territory may be conducted at the term sheet level, and therefore may not include all of the terms and conditions of the definitive agreement. The terms proposed for a country in the Territory need not be exactly those proposed to one or more Third Parties for such country; provided that, [... * ...].
Term Sheet Level. The negotiations to be pursued under Section 3.2, [*], may be conducted at the term sheet level, and may not include all of the terms and conditions of the definitive agreement but the Parties may be bound only by such definitive agreement. [*].