# Term Sheet Comparison: {Deal Name}

**{Date} | Prepared for: {CEO Name}**

## Executive Summary

{3-4 sentences: What we're comparing, the key differentiator, and the recommendation.}

## Side-by-Side Comparison

| Term | {Proposal A} | {Proposal B} | {Proposal C} | Market Norm |
|------|-------------|-------------|-------------|-------------|
| {term} | {value} | {value} | {value} | {typical range} |

## Financial Impact

### Scenario Analysis

| Scenario | {Proposal A} | {Proposal B} | {Proposal C} |
|----------|-------------|-------------|-------------|
| Best Case | {impact} | {impact} | {impact} |
| Base Case | {impact} | {impact} | {impact} |
| Worst Case | {impact} | {impact} | {impact} |

## Recommendation

{Which option and why. What it optimizes for. What it trades away.}

## Negotiation Priorities

1. **{Priority}** — Ask: {specific ask}. Target: {outcome}. Minimum: {floor}. Trade: {what to offer in exchange}.
2. **{Priority}** — Ask: {specific ask}. Target: {outcome}. Minimum: {floor}. Trade: {what to offer in exchange}.

## Open Issues

- {Issue requiring resolution before signing}

## Next Steps

| Action | Owner | Deadline |
|--------|-------|----------|
| {action} | {name} | {date} |