{"id":7377,"date":"2024-06-03T15:31:54","date_gmt":"2024-06-03T15:31:54","guid":{"rendered":"https:\/\/virconlegal.com\/term\/term-sheet\/"},"modified":"2025-12-03T12:06:36","modified_gmt":"2025-12-03T12:06:36","slug":"term-sheet","status":"publish","type":"term","link":"https:\/\/virconlegal.com\/tr\/term\/term-sheet\/","title":{"rendered":"Term Sheet"},"content":{"rendered":"\n

Bir term sheet, potansiyel bir yat\u0131r\u0131ma ili\u015fkin temel \u015fartlar\u0131 ve ko\u015fullar\u0131 ortaya koyar. Genellikle bir startup ile bir yat\u0131r\u0131mc\u0131 aras\u0131nda yap\u0131lan ve ba\u011flay\u0131c\u0131 olmayan bir anla\u015fma niteli\u011findedir; nihai yat\u0131r\u0131m s\u00f6zle\u015fmesi ve pay sahipleri s\u00f6zle\u015fmesi<\/g> i\u00e7in bir taslak i\u015flevi g\u00f6r\u00fcr. A\u015fa\u011f\u0131da bir term sheet\u2019te tipik olarak yer alan unsurlar\u0131n d\u00f6k\u00fcm\u00fc bulunmaktad\u0131r: <\/p>\n\n\n\n

    \n
  1. De\u011ferleme: Yat\u0131r\u0131mc\u0131ya verilecek hisse oran\u0131n\u0131n belirlenmesine yard\u0131mc\u0131 olan \u015firketin yat\u0131r\u0131m \u00f6ncesi (pre-money) de\u011ferlemesi.<\/li>\n\n\n\n
  2. Yat\u0131r\u0131m Tutar\u0131: Yat\u0131r\u0131mc\u0131n\u0131n \u015firkete koymay\u0131 planlad\u0131\u011f\u0131 toplam sermaye miktar\u0131.<\/li>\n\n\n\n
  3. Hisse Oran\u0131: Yat\u0131r\u0131m sonras\u0131nda yat\u0131r\u0131mc\u0131n\u0131n \u015firkette sahip olaca\u011f\u0131 y\u00fczde oran\u0131.<\/li>\n\n\n\n
  4. Yat\u0131r\u0131mc\u0131 Haklar\u0131: Y\u00f6netim kurulu koltu\u011fu, veto haklar\u0131 ve bilgi alma haklar\u0131 gibi yat\u0131r\u0131mc\u0131ya tan\u0131nan \u00f6zel haklar ve korumalar.<\/li>\n\n\n\n
  5. Tasfiye Tercihi: Tasfiye durumunda yat\u0131r\u0131mc\u0131lar\u0131n, adi pay sahiplerinden \u00f6nce ne kadar \u00f6deme alaca\u011f\u0131n\u0131 belirler.<\/li>\n\n\n\n
  6. Anti-Dilution H\u00fck\u00fcmleri: \u015eirketin daha d\u00fc\u015f\u00fck bir de\u011ferleme \u00fczerinden pay ihra\u00e7 etti\u011fi gelecekteki finansman turlar\u0131nda, yat\u0131r\u0131mc\u0131n\u0131n hisse oran\u0131n\u0131n suland\u0131r\u0131lmas\u0131na kar\u015f\u0131 koruma sa\u011flayan \u00f6nlemler.<\/li>\n\n\n\n
  7. Oy Haklar\u0131: Yat\u0131r\u0131mc\u0131n\u0131n \u015firket kararlar\u0131ndaki oy hakk\u0131na ili\u015fkin detaylar.<\/li>\n\n\n\n
  8. \u00c7al\u0131\u015fan Hisse Opsiyon Plan\u0131 (ESOP): Olas\u0131 hisse opsiyonu planlar\u0131n\u0131n ko\u015fullar\u0131n\u0131 ve \u00e7al\u0131\u015fanlara hisse sa\u011flama y\u00f6ntemlerini i\u00e7erir.<\/li>\n\n\n\n
  9. Pay Devir K\u0131s\u0131tlamalar\u0131: Say\u0131lan k\u0131s\u0131tlamalardan hangilerinin uygulanaca\u011f\u0131: Kilitleme S\u00fcresi (Lock-Up)<\/a>, Tag Along<\/a>, Drag Along ve \u00d6n Al\u0131m Hakk\u0131 (Right of First Refusal).<\/li>\n<\/ol>\n\n\n\n

    \u0130yi haz\u0131rlanm\u0131\u015f bir term sheet, hem startup\u2019\u0131n hem de yat\u0131r\u0131mc\u0131n\u0131n \u00e7\u0131karlar\u0131n\u0131 hizalayarak ba\u015far\u0131l\u0131 bir ortakl\u0131k i\u00e7in zemin haz\u0131rlar. Startup\u2019lar ve kurucular, term sheet\u2019leri dikkatle incelemeli ve adil ve faydal\u0131 \u015fartlar\u0131n sa\u011flanmas\u0131 i\u00e7in hukuk\u00ee dan\u0131\u015fmanl\u0131k almal\u0131d\u0131r; zira yat\u0131r\u0131m m\u00fczakereleri s\u0131ras\u0131nda term sheet\u2019e ayk\u0131r\u0131 davranmak k\u00f6t\u00fc niyetli m\u00fczakere olarak de\u011ferlendirilir. <\/p>\n\n\n\n

    Term Sheet\u2019teki Ba\u011flay\u0131c\u0131 H\u00fck\u00fcmler<\/h2>\n\n\n\n

    Term sheet\u2019ler genel olarak ba\u011flay\u0131c\u0131 de\u011fildir; ancak \u00e7o\u011fu zaman baz\u0131 h\u00fck\u00fcmler hukuk\u00ee olarak ba\u011flay\u0131c\u0131 niteliktedir. Bu ba\u011flay\u0131c\u0131 h\u00fck\u00fcmler, term sheet\u2019in geri kalan\u0131 \u00f6n anla\u015fma niteli\u011finde olsa bile belirli y\u00fck\u00fcml\u00fcl\u00fcklerin uygulanabilir olmas\u0131n\u0131 sa\u011flar. A\u015fa\u011f\u0131da bir term sheet\u2019te tipik olarak yer alan temel ba\u011flay\u0131c\u0131 h\u00fck\u00fcmler bulunmaktad\u0131r: <\/p>\n\n\n\n

      \n
    1. Gizlilik: Taraflar\u0131n, term sheet\u2019in \u015fartlar\u0131n\u0131 ve buna ili\u015fkin t\u00fcm g\u00f6r\u00fc\u015fmeleri gizli tutmas\u0131n\u0131 zorunlu k\u0131lar. Hassas bilgilerin \u00fc\u00e7\u00fcnc\u00fc ki\u015filere a\u00e7\u0131klanmas\u0131n\u0131 engeller. <\/li>\n\n\n\n
    2. M\u00fcnhas\u0131rl\u0131k: \u2018No-shop\u2019 maddesi olarak da bilinen bu h\u00fck\u00fcm, startup\u2019\u0131n belirli bir s\u00fcre boyunca ba\u015fka taraflardan yat\u0131r\u0131m teklifi aramas\u0131n\u0131 veya kabul etmesini k\u0131s\u0131tlar. Yat\u0131r\u0131mc\u0131ya, durum tespiti (due diligence) yapmas\u0131 ve yat\u0131r\u0131m\u0131 rekabet olmaks\u0131z\u0131n sonu\u00e7land\u0131rmas\u0131 i\u00e7in zaman tan\u0131r. <\/li>\n\n\n\n
    3. Maliyetler ve Giderler: Bu h\u00fck\u00fcm, i\u015flemle ba\u011flant\u0131l\u0131 hukuk\u00ee giderler ve durum tespiti (due diligence) masraflar\u0131 gibi maliyetlerin hangi taraf\u00e7a kar\u015f\u0131lanaca\u011f\u0131n\u0131 d\u00fczenler. \u00c7o\u011fu zaman her taraf\u0131n kendi masraflar\u0131n\u0131 kar\u015f\u0131layaca\u011f\u0131 belirtilir; ancak baz\u0131 durumlarda yat\u0131r\u0131mc\u0131, belirli bir limite kadar startup\u2019\u0131n masraflar\u0131n\u0131 \u00fcstlenebilir. <\/li>\n\n\n\n
    4. Uygulanacak Hukuk: Bu h\u00fck\u00fcm, term sheet\u2019ten do\u011fabilecek uyu\u015fmazl\u0131klar\u0131n hangi hukuk d\u00fczenine t\u00e2bi olaca\u011f\u0131n\u0131 belirtir. <\/li>\n\n\n\n
    5. Fesih: Bu h\u00fck\u00fcm, taraflardan herhangi birinin term sheet\u2019i hangi ko\u015fullar alt\u0131nda feshedebilece\u011fini tan\u0131mlar. Belirli bir fesih tarihi \u00f6ng\u00f6rebilir veya feshe imk\u00e2n veren \u00f6zel durumlar\u0131 d\u00fczenleyebilir. <\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

      Bir term sheet, potansiyel bir yat\u0131r\u0131ma ili\u015fkin temel \u015fartlar\u0131 ve ko\u015fullar\u0131 ortaya koyar. Genellikle bir startup ile bir yat\u0131r\u0131mc\u0131 aras\u0131nda yap\u0131lan ve ba\u011flay\u0131c\u0131 olmayan bir anla\u015fma niteli\u011findedir; nihai yat\u0131r\u0131m s\u00f6zle\u015fmesi ve pay sahipleri s\u00f6zle\u015fmesi i\u00e7in bir taslak i\u015flevi g\u00f6r\u00fcr. A\u015fa\u011f\u0131da bir term sheet\u2019te tipik olarak yer alan unsurlar\u0131n d\u00f6k\u00fcm\u00fc bulunmaktad\u0131r: \u0130yi haz\u0131rlanm\u0131\u015f bir term sheet, […]<\/p>\n","protected":false},"author":7,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-7377","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=7377"}],"version-history":[{"count":1,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7377\/revisions"}],"predecessor-version":[{"id":7380,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/7377\/revisions\/7380"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=7377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=7377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}