How much less money would accept to retain the right to go to trial?
Option A: sell company for $25 million and waive right to trial
Option B: sell company for $20 million and don't waive right to trial
Term sheets are negotiable, if you actually care that much about retaining the right to a jury trial. Just tell your lawyer to strike out the term and accept less money in exchange.
The point of this term sheet is presumptive starting terms. Those are not founder friendly terms. Obviously my lawyer is there to help me, but there's a lot of inertia to starting terms.
Option A: sell company for $25 million and waive right to trial
Option B: sell company for $20 million and don't waive right to trial
Term sheets are negotiable, if you actually care that much about retaining the right to a jury trial. Just tell your lawyer to strike out the term and accept less money in exchange.