Enterprise Investment Scheme Term Sheet

EIS shares must be subscribed for, meaning they must be newly issued shares and not shares sold by an existing shareholder.

The subscription of shares under the Enterprise Investment Scheme will require a degree of formality and it is usual for the parties to enter into a subscription agreement.

Use this term sheet to agree the key EIS investment terms in advance

Before entering into a formal agreement, the parties may wish to use a term sheet to set out clearly (and in advance) the terms on which the EIS investment will be made.

It serves as a non-binding letter of intent which summarises the important terms of the investment and provides a basis for developing a more detailed binding legal document without misunderstanding.

Non-binding status and limited binding provisions

These heads of terms are not intended to be exhaustive and are not intended to be legally binding, except in relation to Expenses, Exclusivity and Confidentiality.

Independent advice

It is strongly recommended that independent legal and tax advice is sought for companies or investors considering EIS investment.

Enterprise Investment Scheme Term Sheet is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.