Deal Closing: Legal

Deal Closing: Legal

So you’ve finally found the business opportunity you’ve been waiting for, and now it’s time to seal the deal. Deal closing is the point at which all parties involved in a business transaction agree to the terms and conditions of the deal 🤝 If you close a lot of deals, this Quest will simplify the process for collaborating on reviewing terms.


Create A Deal Closing Legal Checklist. To make sure all of the deals you want to close are legally compliant, prepare your term sheet and get all parties to add their signatures to important docs.

Key benefits

✅ Check Your Investment Is Legally Compliant

Before you go ahead and sign that deal, it's important to make sure your investment is legally compliant. This means checking that the investment is registered with the right authorities and that all the necessary paperwork is in order.

✅ Standardise Your Term Sheet Prep

Ask your investors to provide their details for follow up questions. Ask for their name, phone number, email address or anything else that’ll help with getting the ball rolling.

✅ Ask All Parties To Sign Important Docs

Once all parties have agreed to the key points of the term sheet, it's time to get it signed. Having a term sheet mutually signed by both parties is an important part of solidifying the deal and protecting everyone involved.

Best Practices For Drafting Your Term Sheet

✅ Keep it simple. The goal is to capture the most important points of the agreement in a clear and concise way, without getting bogged down in legal jargon.

✅ Spell out the financials. Be clear about what you're offering and what you expect in return.

✅ Cover all bases. Make sure you have a clause for every possible scenario, so there are no surprises down the road.

✅ Get expert help. If you're not sure about something, it's always best to consult with a lawyer who specializes in this type of deal.