Business Pitch Dictionary by pitch.dog
Term-sheet control & investor rights · Core

Definitive agreement

Also called: final agreement

ELI5

The full legal contract for the deal.

Used in conversation

“The definitive agreement contains terms not detailed in the term sheet.”

Definition

The final binding contract documenting a transaction.

Here “Definitive agreement” means: The final binding contract documenting a transaction.

Pitch context

You will see “Definitive agreement” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches term-sheet control & investor rights.

Why it matters: In term-sheet control & investor rights, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

  • Term sheetA term sheet summarises proposed terms and may be partly non-binding; definitive agreements contain the final operative contract terms.
Sources & evidence · 5

Direct term-level sources and supporting source families.