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Deals & Partnerships

# Common Paper Term Sheet

A term sheet template for outlining key business terms, based on Common Paper's standard form. A simple topic-and-details format for early-stage deal discussions.

13 fields CC-BY-4.0 Common Paper

[View on Common Paper](https://commonpaper.com/standards/term-sheet) [Download Word file](/template-downloads/common-paper-term-sheet.docx) [Try it in Claude Code](#fill)

Contents

*   [AI workflow](#fill)
*   [Fields (13)](#fields)
*   [Parties](#section-parties)
*   [Terms](#section-terms)
*   [Signature Block](#section-signature-block)

## Try this template in an AI workflow

### Claude Code or another coding agent

Start with the setup guide for Claude Code, Gemini CLI, and local package execution. The install page will keep the handoff tied to this template.

[Learn how to fill this template](/install/?template=common-paper-term-sheet&title=Common%20Paper%20Term%20Sheet)

### CLI

```
npx open-agreements fill common-paper-term-sheet -d values.json -o output.docx
```

## Fields (13)

### Parties

| Field | Type | Description |
| --- | --- | --- |
| 
Company Name

`company_name` | string | Official name of the company |

### Terms

| Field | Type | Description |
| --- | --- | --- |
| 
Topic

`topic` | string | Topic or subject area of the term |
| 

Topic Details

`topic_details` | string | Details about the topic |

### Signature Block

| Field | Type | Description |
| --- | --- | --- |
| 
Party 1 Signatory Type

`party_1_signatory_type` | enum | Whether the first party signatory is an entity or individual |
| 

Party 1 Signatory Name

`party_1_signatory_name` | string | Full legal name of the first party's signatory |
| 

Party 1 Signatory Title

`party_1_signatory_title` | string | Title/role of the first party's signatory (entity only) |
| 

Party 1 Signatory Company

`party_1_signatory_company` | string | Company name for the first party signatory (entity only) |
| 

Party 1 Signatory Email

`party_1_signatory_email` | string | Notice email address for the first party |
| 

Party 2 Signatory Type

`party_2_signatory_type` | enum | Whether the second party signatory is an entity or individual |
| 

Party 2 Signatory Name

`party_2_signatory_name` | string | Full legal name of the second party's signatory |
| 

Party 2 Signatory Title

`party_2_signatory_title` | string | Title/role of the second party's signatory (entity only) |
| 

Party 2 Signatory Company

`party_2_signatory_company` | string | Company name for the second party signatory (entity only) |
| 

Party 2 Signatory Email

`party_2_signatory_email` | string | Notice email address for the second party |

Source

Maintained by Common Paper

[View on Common Paper](https://commonpaper.com/standards/term-sheet)

Download Template

Editable Word file with fillable fields

[Download Word file](/template-downloads/common-paper-term-sheet.docx)

CC-BY-4.0

Use this template with Claude Code or another coding agent

Start with setup instructions, then run this template in your own workflow.

[Learn how to fill this template](/install/?template=common-paper-term-sheet&title=Common%20Paper%20Term%20Sheet) [Need a managed workflow instead?](/services/ai-implementation.md)

Workflow support only. Not legal advice.

Fields 13

Source [Common Paper](https://commonpaper.com/standards/term-sheet)

This template is a drafter's starting point. It does not constitute legal advice. Have qualified counsel review before execution.