LISI is proud to announce the launch of the Impact Term Sheet Visual Guide, a practical tool designed to help investors and entrepreneurs build their own impact-aligned term sheets.

The Visual Guide breaks down the core concepts of the Impact Term Sheet into an accessible, easy-to-use format. It’s specifically created for non-lawyers, including key impact audiences such as investors, investee companies, and other stakeholders involved in impact-driven deals.

With this new resource, LISI continues its mission to support better investment design and promote the transition to a more sustainable and equitable economy.

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Why have LISI developed the Visual Guide?

The Impact Term Sheet family of documents sets out transparent terms for impact investing. LISI wanted to make this tool as accessible as possible and allow more users to implement impact-friendly provisions.

The Visual Guide builds on feedback received on previous versions, to guide users through the process in a much shorter format, using visual aids to illustrate the key concepts.

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Who is the Impact Term Sheet: Visual Guide for and How Should It Be Used?

The Visual Guide is a practical tool for market players including investors, lawyers, and ecosystem builders who want to design investment terms that truly reflect impact goals. It’s a guide to help you build or improve your own term sheets, legal templates, and deal structures based on proven approaches.

Built around 12 key questions, the guide helps translate impact ambitions into concrete legal and governance terms. It invites users to work through the core building blocks of an impact-aligned investment deal, assess their current practices, and identify gaps and opportunities for improvement.

How to use it:

• Start with the 12 Key Questions, these define the structural choices behind an impact deal.
• Reflect on how your current documents or approach address each one.
• Compare with the Impact Term Sheet and identify missing elements or weak spots.
• Use the examples provided to inspire, the goal is to build your own fit-for-purpose, impact-aligned legal tools.
• Aim for 80% coverage of the key questions to ensure strong alignment between values, structure, and execution.

Whether you’re drafting your first impact term sheet or revisiting an existing one, the guide is here to help you move from theory to market practice!

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Who should use the Visual Guide?

The Visual Guide is designed for market actors who shape the legal and financial foundations of impact deals, especially those ready to move beyond principles into practice.

• Investors can use it to build or adapt their own impact-aligned term sheets and engage investees in more mission-conscious negotiations.
• Law firms can use it to structure client conversations and develop legal documentation that reflects impact goals from the start.
• Accelerators and incubators can use it to guide founders through the legal aspects of impact fundraising, helping them understand and co-create better deal terms.
• Academic institutions and law schools can use it as a practical teaching tool to explore innovative legal structures and negotiation approaches.
• Civil society organisations can use it to demonstrate how inclusive, transparent, and impact-driven governance can be structured in real-world deals.

Got other ideas on uses for the Impact Term Sheet: Visual Guide, or successfully used it in your organization?  Let us know your experiences: info@lisi-law.eu

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Where can I access the Impact Term Sheet: Visual Guide?

Great news - it is already available on the LISI website. You can get access to the Visual Guide when you download the ITS 2.0 on this page!
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