An investor sends a term sheet. It is short, mostly non-binding, and focused on valuation. Founders sign quickly because momentum matters and the headline number looks right.
Everything else in that document — liquidation preference, anti-dilution, reserved matters, board composition, founder vesting, drag and tag rights — becomes the long-form documentation almost unchanged.
By the time founders understand what they agreed, the position is that renegotiating looks like bad faith and threatens the round.
Term Sheet Review and Negotiation
A structured review of an investor term sheet setting out what each provision will mean in practice, which terms carry the most long-term consequence, what is market and what is not, and a negotiation position on every material point.
Your Vision, Backed by the Right Legal Support
You build the business. We help you protect it.
Imagine signing a term sheet knowing exactly what you have conceded and what you have protected. The long-form documents contain no surprises because you understood the term sheet that produced them.
Who this service is for
This Is For You If…
Founders who have received a term sheet from an investor
Companies comparing competing offers
Businesses raising from a corporate or strategic investor
Founders offered convertible or preference instruments
Companies negotiating a second round against existing investor rights
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What we will do for you
This is what we will do for you
Translate each provision into what it will mean at the next round and at exit
Model how the liquidation preference behaves in downside scenarios
Identify terms outside market and terms carrying disproportionate long-term cost
Give you a ranked negotiation position on every material point
Support the negotiation or deal with the investor's counsel directly
What’s Included
What’s Included in our service for you
Provision-by-provision translation of the term sheet
Downside scenario modelling of the preference and anti-dilution terms
Assessment of what is market and what is not
Ranked negotiation position on every material point
Negotiation support through to signature
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Why Choose Legal That Works?
Why Choose Us To Assist You?
Digital-first
No office visit required—review and sign online
Transparent fees
Fixed price, no billing surprises
Deep experience
Various contracts across industries
Accessible
Our client portal keeps you informed
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We've Helped
You Need To Act Now
Important: Limited Slots
Term sheet stage is where investor rights are actually decided. Long-form drafting negotiates wording, not existence.
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Nothing to Lose. Everything to Protect.
No Surprises. No Guesswork. Just Legal That Works.
Before anything starts, we speak with you to understand your business and make sure the service is the right fit. If it is not, we will say so upfront. No pressure. No wasted time. We only take on matters we are confident we can deliver with quality. That is why business owners trust us to get it right.
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Frequently Asked Questions
What is Legal That Works?
Legal That Works is a business and organisation oriented legal service designed by Messrs Akmal Saufi & Co (the firm that has brought the widely known legal consumer services brand ASCOLAW). We specifically help business owners and organisation leadership to navigate Malaysia’s legal terrain to achieve their commercial goal.
What if I’m not sure what legal service I need?
No problem. Most business owners aren’t legal experts! Just reach out. Our team will guide you to the right service or help you understand your options—without jargon or upselling.
It says non-binding. Why does it matter?
Because commercially it binds. Terms conceded in a term sheet are almost never recovered in the long-form documents.
What is the single most important term?
Usually the liquidation preference. It determines who gets paid and how much on any exit, and it can leave founders with far less than their percentage implies.
What are reserved matters?
Decisions requiring investor consent. Drawn too widely they can stall ordinary operations, so the list deserves real scrutiny.
How quickly can you review one?
Usually days. Tell us your deadline and we will be honest about whether it works.
Can you help with the long-form documents too?
Yes, and it is more efficient if the same counsel handles both.
Who will be helping me?
All our services are delivered by our licensed lawyers under the Malaysian Bar with proven experience across industries. You’ll work with a real legal team, not chatbots or generic customer support.
