什么时候签署私募主条款清单？

中文版

私募股权融资是现代企业常用的融资方式之一，其中私募主条款清单（Term Sheet）是私募股权融资过程中非常重要的一环。那么，什么时候签署私募主条款清单呢？

一般来说，私募主条款清单的签署是在投资人与企业初步达成投资意向之后进行的。此时，投资人已经对企业的商业模式、市场前景、财务状况等进行了初步评估，并表达了投资意向。为了进一步明确双方的权利和义务，保障投资的安全和回报，投资人会与企业协商制定私募主条款清单。

私募主条款清单的签署标志着投资人与企业进入了正式的投资合作阶段。在这个阶段，投资人将根据私募主条款清单中的约定，向企业提供资金支持，并参与企业的管理和决策。同时，企业也需要按照私募主条款清单中的约定，履行相应的义务，如保证企业的运营和财务状况的透明度和真实性，保障投资人的权益等。

因此，签署私募主条款清单是私募股权融资过程中的关键一步，需要投资人和企业充分沟通、协商，确保双方权益的平衡和保障。

英文版

When to Sign the Private Equity Term Sheet?

Private equity financing is one of the commonly used financing methods for modern enterprises, and the Private Equity Term Sheet (Term Sheet) plays a crucial role in this process. So, when is the right time to sign the Private Equity Term Sheet?

Typically, the signing of the Private Equity Term Sheet occurs after investors and companies have initially agreed on the investment intentions. At this stage, investors have conducted a preliminary assessment of the company's business model, market prospects, financial situation, and expressed their intention to invest. To further clarify the rights and obligations of both parties and ensure the safety and return of the investment, investors negotiate and formulate the Private Equity Term Sheet with the company.

The signing of the Private Equity Term Sheet marks the entry of investors and companies into a formal investment cooperation stage. During this stage, investors provide financial support to the company based on the agreed terms in the Private Equity Term Sheet and participate in the company's management and decision-making. Meanwhile, the company also needs to fulfill its corresponding obligations, such as ensuring transparency and authenticity in its operations and financial situation, and protecting the rights and interests of investors.

Therefore, signing the Private Equity Term Sheet is a crucial step in the private equity financing process, requiring thorough communication and negotiation between investors and companies to ensure a balanced and secure agreement for both parties.