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Term Sheet System 

This section of the annotated agreement manual includes a full term sheet system with annotations. The information is referred to as a system, because it is a turnkey program for placing binding and nonbinding terms in the context of a license negotiation. Binding terms such as confidentiality obligations with respect to the negotiations are included in a base agreement based upon a familiar and widely acceptable nondisclosure agreement template, while non-binding aspects are placed into a separate attachment. The approach is unique, but gains wide acceptance by those introduced to it.