{"id":224894,"date":"2023-10-06T15:07:19","date_gmt":"2023-10-06T02:07:19","guid":{"rendered":"https:\/\/legalvision.co.nz\/?p=224894"},"modified":"2025-05-21T16:20:16","modified_gmt":"2025-05-21T03:20:16","slug":"venture-debt-term-sheet","status":"publish","type":"post","link":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/","title":{"rendered":"9 Key Terms in a Venture Debt Term Sheet"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Venture debt has emerged as a strategic way for startups to seek capital without significantly diluting their equity. If your startup is looking to raise capital using venture debt, it is essential to understand the key terms in a venture debt term sheet. This article will explain what venture debt is and the nine key terms in a venture debt term sheet.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is Venture Debt?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Venture debt allows startups to <a href=\"https:\/\/legalvision.co.nz\/startups\/raise-capital-retain-control\/\">raise capital<\/a> without their founders having to dilute their equity in the business immediately. Instead, venture debt will come with terms that allow the investor to convert debt into equity once the business reaches a specific valuation.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike traditional loans from a bank, venture debt providers specialise in working with high-growth companies. As such, they offer flexible repayment terms. However, venture debt usually comes with higher interest rates than traditional loans. These higher interest rates reflect the higher risk associated with startups.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Terms in Venture Debt Term Sheets<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A \u2018<a href=\"https:\/\/legalvision.co.nz\/commercial-contracts\/what-is-a-term-sheet-and-is-it-binding-in-nz\/\">term sheet<\/a>\u2019 is a critical document in a venture debt agreement. This document outlines the key terms and conditions of the agreement. A summary of the key terms in a venture debt term sheet is outlined below:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Principal Amount\u00a0<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The principal amount refers to the sum of money the investor provides to the startup. This sum then serves as the foundation for funding various growth initiatives. This might include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>expanding operations to new markets; or&nbsp;<\/li>\n\n\n\n<li>developing new products.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Startups must assess their financial needs to determine a suitable principal amount that aligns with growth plans.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Interest Rate<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The interest rate is the cost of borrowing the principal amount. Interest is a percentage of the principal and accrues over the loan&#8217;s duration. Interest rates reflect the lender&#8217;s risk assessment and market conditions. As such, startups should carefully evaluate this rate, as it will have a significant impact on the total cost of borrowing funds.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Maturity Date<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The maturity date refers to the point at which the startup is obligated to repay the investor the borrowed amount. This deadline is a critical milestone in the loan agreement, outlining when the debt is payable. Startups must align the maturity date with their revenue. Failure to do so may put a significant strain on their financial resources.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Repayment Schedule<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The repayment schedule will detail the timeline for repaying the borrowed funds. A well-structured repayment schedule will ensure that repayments are manageable and do not disrupt the startup\u2019s growth.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5. Equity Incentives<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Startups may also provide investors with an additional incentive to loan funds. This incentive takes the form of <a href=\"https:\/\/legalvision.co.nz\/startups\/startup-equity-funding\/\">equity<\/a>. Although equity may encourage additional investment, it is essential that startups carefully consider the implications on their business. This is because offering equity will ultimately dilute the founders\u2019 ownership of the business.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6. Warrants\u00a0<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Warrants constitute a significant component of venture debt agreements. This is because warrants offer investors the option to purchase equity in the startup at a predetermined price. This allows the investor to participate in the startup&#8217;s potential success. Again, startups carefully consider the implications on their business when offering warrants and what this means in terms of dilution.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">7. Covenants\u00a0<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Covenants refer to specific obligations on startups. Startups must fulfil the covenants to comply with the debt agreement. Covenants may be either positive or negative.\u00a0<\/p>\n\n\n\n<div  class=\"box box--icon box--info\">\n    <p>For example, a positive covenant will require the startup to take some sort of action, such as providing regular financial statements to investors. On the other hand, a negative covenant places restrictions on the startup. This might include avoiding engaging in activities that will risk the startup\u2019s financial capacity.<\/p>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">8. Financial Reporting Requirements\u00a0<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Financial reporting is essential for maintaining transparency and trust between the startup and the investor. As such, startups are required to provide regular financial statements. This might include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>income statements;<\/li>\n\n\n\n<li>balance sheets; and&nbsp;<\/li>\n\n\n\n<li>cash flow statements.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Complying with such reporting requirements showcases the startup&#8217;s commitment to open communication and financial accountability.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">9. Default Provisions and Remedies\u00a0<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Default occurs when the startup fails to meet its obligations under the agreement. For example, a default may occur upon certain events, such as failure to make a payment on time or breaching a covenant. The term sheet will also outline remedies for such defaults. This might include additional interest rates or demanding early payment of the principal amount.<\/p>\n\n\n    <div class=\"my-7 lg:my-10 border-y-2 border-gray-100 py-7 lg:py-10 flex flex-col sm:flex-row items-start gap-10\">\n                    <img decoding=\"async\" class=\"w-52 mx-auto my-0! rounded\" src=\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/2\/2024\/11\/01175313\/LV_NZ-Cap-Table-Template.jpg\" alt=\"Front page of publication\"\n                 loading=\"lazy\" width=\"208\" height=\"298\">\n                <section>\n            <div class=\"text-2xl font-bold\">NZ Cap Table Template<\/div>\n            <div class=\"body-text\">\n                <p>Capital raising is a critical time for any startup. Take control of your startup&#8217;s equity with this free cap table template. It will also allow you to analyse and compare financing rounds to make the best capital raising decisions.<\/p>\n            <\/div>\n            \n\n<a href=\"https:\/\/go.legalvision.co.nz\/nz-cap-table-template.html\" class=\" block px-5 py-3.5 max-w-fit bg-orange button__hover transition rounded text-white font-bold text-lg no-underline uppercase leading-tight text-center\" target=\"\" rel=\"\">Download Now<\/a>        <\/section>\n    <\/div>\n\n\n\n\n\n<a href=\"#content-next\"\n   class=\"block p-4 mt-10 text-xl font-bold text-center text-white no-underline bg-gray-800 rounded-t-xl\">\n    Continue reading this article below the form\n    <i class=\"text-xl fa-regular fa-arrow-down\"><\/i>\n<\/a>\n<div class=\"px-6 pt-10 pb-12 mb-10 text-center bg-gray-100 rounded-b-xl sm:px-12 test\">\n    <div class=\"mb-8 text-2xl font-bold text-orange\">\n        Need legal advice?\n        <br>\n        <span class=\"text-lg not-prose\">\n                            Call <a href=\"tel:+64800005570\" class=\"not-prose\">0800 005 570<\/a> for urgent assistance.\n                <br>\n                Otherwise, complete this form, and we will contact you within one business day.\n                    <\/span>\n    <\/div>\n\n    \n\n<div class=\"not-prose flex justify-center text-left gform_input_bg_white    \">\n    <script>\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof InitializeEditor,callIfLoaded:function(o){return!(!gform.domLoaded||!gform.scriptsLoaded||!gform.themeScriptsLoaded&&!gform.isFormEditor()||(gform.isFormEditor()&&console.warn(\"The use of gform.initializeOnLoaded() is deprecated in the form editor context and will be removed in Gravity Forms 3.1.\"),o(),0))},initializeOnLoaded:function(o){gform.callIfLoaded(o)||(document.addEventListener(\"gform_main_scripts_loaded\",()=>{gform.scriptsLoaded=!0,gform.callIfLoaded(o)}),document.addEventListener(\"gform\/theme\/scripts_loaded\",()=>{gform.themeScriptsLoaded=!0,gform.callIfLoaded(o)}),window.addEventListener(\"DOMContentLoaded\",()=>{gform.domLoaded=!0,gform.callIfLoaded(o)}))},hooks:{action:{},filter:{}},addAction:function(o,r,e,t){gform.addHook(\"action\",o,r,e,t)},addFilter:function(o,r,e,t){gform.addHook(\"filter\",o,r,e,t)},doAction:function(o){gform.doHook(\"action\",o,arguments)},applyFilters:function(o){return gform.doHook(\"filter\",o,arguments)},removeAction:function(o,r){gform.removeHook(\"action\",o,r)},removeFilter:function(o,r,e){gform.removeHook(\"filter\",o,r,e)},addHook:function(o,r,e,t,n){null==gform.hooks[o][r]&&(gform.hooks[o][r]=[]);var d=gform.hooks[o][r];null==n&&(n=r+\"_\"+d.length),gform.hooks[o][r].push({tag:n,callable:e,priority:t=null==t?10:t})},doHook:function(r,o,e){var t;if(e=Array.prototype.slice.call(e,1),null!=gform.hooks[r][o]&&((o=gform.hooks[r][o]).sort(function(o,r){return o.priority-r.priority}),o.forEach(function(o){\"function\"!=typeof(t=o.callable)&&(t=window[t]),\"action\"==r?t.apply(null,e):e[0]=t.apply(null,e)})),\"filter\"==r)return e[0]},removeHook:function(o,r,t,n){var e;null!=gform.hooks[o][r]&&(e=(e=gform.hooks[o][r]).filter(function(o,r,e){return!!(null!=n&&n!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][r]=e)}});\n<\/script>\n\n                <div class='gf_browser_gecko gform_wrapper gravity-theme gform-theme--no-framework lawyer-form_wrapper gplaceholder_wrapper form-with-labels-no-asterisks_wrapper has-new-validation-error-styling_wrapper' data-form-theme='gravity-theme' data-form-index='0' id='gform_wrapper_2452' style='display:none'><div id='gf_2452' class='gform_anchor' tabindex='-1'><\/div><form method='post' enctype='multipart\/form-data' target='gform_ajax_frame_2452' id='gform_2452' class='lawyer-form gplaceholder form-with-labels-no-asterisks has-new-validation-error-styling' action='\/api\/wp\/v2\/posts\/224894#gf_2452' data-formid='2452' novalidate>\n                        <div class='gform-body gform_body'><div id='gform_fields_2452' class='gform_fields top_label form_sublabel_below description_below validation_below'><div id=\"field_2452_15\" class=\"gfield gfield--type-honeypot gform_validation_container field_sublabel_below gfield--has-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2452_15'>Company<\/label><div class='ginput_container'><input name='input_15' id='input_2452_15' type='text' value='' autocomplete='new-password'\/><\/div><div class='gfield_description' id='gfield_description_2452_15'>This field is for validation purposes and should be left unchanged.<\/div><\/div><div id=\"field_2452_1\" class=\"gfield gfield--type-text gfield--input-type-text gf_left_half gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2452_1'>First Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_1' id='input_2452_1' type='text' value='' class='medium'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_2452_12\" class=\"gfield gfield--type-text gfield--input-type-text gf_right_half gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2452_12'>Last Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_12' id='input_2452_12' type='text' value='' class='medium'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_2452_2\" class=\"gfield gfield--type-email gfield--input-type-email gf_left_half gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2452_2'>Email Address<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_email'>\n                            <input name='input_2' id='input_2452_2' type='email' value='' class='medium'    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                        <\/div><\/div><div id=\"field_2452_3\" class=\"gfield gfield--type-phone gfield--input-type-phone gf_right_half gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2452_3'>Phone<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_phone'><input name='input_3' id='input_2452_3' type='tel' value='' class='medium'   aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_2452_14\" class=\"gfield gfield--type-select gfield--input-type-select gfield--width-full custom-select gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2452_14'>Number of Employees in Your Business<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_select'><select name='input_14' id='input_2452_14' class='large gfield_select'    aria-required=\"true\" aria-invalid=\"false\" ><option value='' ><\/option><option value='0' >0<\/option><option value='1' >1-5<\/option><option value='6' >6-20<\/option><option value='21' >21-50<\/option><option value='51' >51-250<\/option><option value='250' >250+<\/option><\/select><\/div><\/div><div id=\"field_2452_4\" class=\"gfield gfield--type-textarea gfield--input-type-textarea gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2452_4'>Tell us about your enquiry<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_4' id='input_2452_4' class='textarea medium'     aria-required=\"true\" aria-invalid=\"false\"   rows='10' cols='50'><\/textarea><\/div><\/div><div id=\"field_2452_5\" class=\"gfield gfield--type-html gfield--input-type-html gfield_html gfield_html_formatted gfield_no_follows_desc field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  >By submitting this form, you agree to receive emails from LegalVision and can unsubscribe at any time. View our <a href=\"https:\/\/legalvision.co.nz\/privacy-policy\/\" target=\"_blank\">Privacy Policy<\/a>. <\/div><div id=\"field_2452_8\" class=\"gfield gfield--type-hidden gfield--input-type-hidden gform_hidden field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><div class='ginput_container ginput_container_text'><input name='input_8' id='input_2452_8' type='hidden' class='gform_hidden'  aria-invalid=\"false\" value='http:\/\/legalvision.co.nz\/api\/wp\/v2\/posts\/224894' \/><\/div><\/div><div id=\"field_2452_13\" class=\"gfield gfield--type-hidden gfield--input-type-hidden gform_hidden field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><div class='ginput_container ginput_container_text'><input name='input_13' id='input_2452_13' type='hidden' class='gform_hidden'  aria-invalid=\"false\" value='generic_form' \/><\/div><\/div><\/div><\/div>\n        <div class='gform-footer gform_footer top_label'> <button type=\"submit\" id=\"gform_submit_button_2452\" class=\"gform_button button\" onclick=\"gform.submission.handleButtonClick(this);\" data-submission-type=\"submit\"><span class=\"gform_submit_button__text\">Submit Now<\/span><\/button> <input type='hidden' name='gform_ajax' value='form_id=2452&amp;title=&amp;description=&amp;tabindex=0&amp;theme=gravity-theme&amp;hash=8d907caff460821c366ed2411b0c45b3' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submission_method' data-js='gform_submission_method_2452' value='iframe' \/>\n            <input type='hidden' class='gform_hidden' name='gform_theme' data-js='gform_theme_2452' id='gform_theme_2452' value='gravity-theme' \/>\n            <input type='hidden' class='gform_hidden' name='gform_style_settings' data-js='gform_style_settings_2452' id='gform_style_settings_2452' value='' \/>\n            <input type='hidden' class='gform_hidden' name='is_submit_2452' value='1' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submit' value='2452' \/>\n            \n            <input type='hidden' class='gform_hidden' name='gform_currency' data-currency='AUD' value='oNfiCGJrkikiW3MR74xXoPoHSkxfRRkFlKWFIKoNRjpIF2KEA9NWLFQkv6BErKS5eyQmwxVkXp5LCPPDGmFujtsszL+YgS3JNzHGj78zZMA9vQs=' \/>\n            <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' \/>\n            <input type='hidden' class='gform_hidden' name='state_2452' value='WyJ7XCIxNFwiOltcIjIyODY0N2ViMWU3NTcxZjA4YTY4NGJmMDcwMTk3Y2I0XCIsXCJiMzk3YmQ1MDBmMmFjNjk1ODE4MzdmNTBhYTA2MzQ0OFwiLFwiNGYyNGZkZGEwMzlkNDUxMWFhZGE1NGYwZmQwZmNiZTdcIixcIjUyMmJkMDE2M2I2ZmEwOTI3NDZhZjU5YTg0ZmM1NDk5XCIsXCIzODRlNjk1YjQxMTAzMWFiYmQ2ODEyMGYyZWFhMDYyNlwiLFwiYjkzNDcwNTE2MjkxOGRjZWViMjQzNzRjNmE0NGVmNTlcIixcIjQxMTliODZhMzVjYzJiMWViNDZiMmQ4NjRlNGUzZmNjXCJdfSIsIjQ3MjNiMzA2ZDIyZGVkODA2N2YyMjYyOThkYzI1ODVmIl0=' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_target_page_number_2452' id='gform_target_page_number_2452' value='0' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_source_page_number_2452' id='gform_source_page_number_2452' value='1' \/>\n            <input type='hidden' name='gform_field_values' value='' \/>\n            \n        <\/div>\n                        <\/form>\n                        <\/div>\n\t\t                <iframe style='display:none;width:0px;height:0px;' src='about:blank' name='gform_ajax_frame_2452' id='gform_ajax_frame_2452' title='This iframe contains the logic required to handle Ajax powered Gravity Forms.'><\/iframe>\n\t\t                <script>\ngform.initializeOnLoaded( function() {gformInitSpinner( 2452, 'https:\/\/legalvision.co.nz\/wp-content\/themes\/legalv-v6\/img\/spinner.svg', true );jQuery('#gform_ajax_frame_2452').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_2452');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_2452').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){form_content.find('form').css('opacity', 0);jQuery('#gform_wrapper_2452').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_2452').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_2452').removeClass('gform_validation_error');}setTimeout( function() { \/* delay the scroll by 50 milliseconds to fix a bug in chrome *\/ jQuery(document).scrollTop(jQuery('#gform_wrapper_2452').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_2452').val();gformInitSpinner( 2452, 'https:\/\/legalvision.co.nz\/wp-content\/themes\/legalv-v6\/img\/spinner.svg', true );jQuery(document).trigger('gform_page_loaded', [2452, current_page]);window['gf_submitting_2452'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}jQuery('#gform_wrapper_2452').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_2452').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [2452]);window['gf_submitting_2452'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_2452').text());}else{jQuery('#gform_2452').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger(\"gform_pre_post_render\", [{ formId: \"2452\", currentPage: \"current_page\", abort: function() { this.preventDefault(); } }]);        if (event && event.defaultPrevented) {                return;        }        const gformWrapperDiv = document.getElementById( \"gform_wrapper_2452\" );        if ( gformWrapperDiv ) {            const visibilitySpan = document.createElement( \"span\" );            visibilitySpan.id = \"gform_visibility_test_2452\";            gformWrapperDiv.insertAdjacentElement( \"afterend\", visibilitySpan );        }        const visibilityTestDiv = document.getElementById( \"gform_visibility_test_2452\" );        let postRenderFired = false;        function triggerPostRender() {            if ( postRenderFired ) {                return;            }            postRenderFired = true;            gform.core.triggerPostRenderEvents( 2452, current_page );            if ( visibilityTestDiv ) {                visibilityTestDiv.parentNode.removeChild( visibilityTestDiv );            }        }        function debounce( func, wait, immediate ) {            var timeout;            return function() {                var context = this, args = arguments;                var later = function() {                    timeout = null;                    if ( !immediate ) func.apply( context, args );                };                var callNow = immediate && !timeout;                clearTimeout( timeout );                timeout = setTimeout( later, wait );                if ( callNow ) func.apply( context, args );            };        }        const debouncedTriggerPostRender = debounce( function() {            triggerPostRender();        }, 200 );        if ( visibilityTestDiv && visibilityTestDiv.offsetParent === null ) {            const observer = new MutationObserver( ( mutations ) => {                mutations.forEach( ( mutation ) => {                    if ( mutation.type === 'attributes' && visibilityTestDiv.offsetParent !== null ) {                        debouncedTriggerPostRender();                        observer.disconnect();                    }                });            });            observer.observe( document.body, {                attributes: true,                childList: false,                subtree: true,                attributeFilter: [ 'style', 'class' ],            });        } else {            triggerPostRender();        }    } );} );\n<\/script>\n<\/div>\n<\/div>\n<div id=\"content-next\"><!-- scroll anchor --><\/div>\n<h2 class=\"wp-block-heading\">Key Takeaways<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A term sheet is a primary document at the heart of venture debt financing. Some of the key terms to include in a term sheet include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>principal amount;<\/li>\n\n\n\n<li>interest rate;<\/li>\n\n\n\n<li>maturity date;<\/li>\n\n\n\n<li>repayment schedule;<\/li>\n\n\n\n<li>equity incentives;<\/li>\n\n\n\n<li>warrants;<\/li>\n\n\n\n<li>covenants;<\/li>\n\n\n\n<li>financial reporting requirements; and<\/li>\n\n\n\n<li>default provisions and remedies.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">If you need assistance understanding venture debt term sheets, you can contact our experienced <a href=\"https:\/\/legalvision.co.nz\/startup-lawyers-lp\">startup lawyers<\/a> to assist as part of our LegalVision membership. You will have unlimited access to lawyers who can answer your questions and draft and review your documents for a low monthly fee. Call us today at <a href=\"tel:+64800005570\" class=\"AVANSERnumber dynamic-number\">0800 005 570<\/a> or visit our <a href=\"https:\/\/legalvision.co.nz\/membership\/\">membership page<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venture debt has emerged as a strategic way for startups to seek capital without significantly diluting their equity. If your startup is looking to raise capital using venture debt, it is essential to understand the key terms in a venture debt term sheet. This article will explain what venture debt is and the nine key<a href=\"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/\">Continue reading <span class=\"sr-only\">&#8220;9 Key Terms in a Venture Debt Term Sheet&#8221;<\/span><\/a><\/p>\n","protected":false},"author":13267,"featured_media":201785,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"1059,216936,203169,1507,216185,1378","_relevanssi_noindex_reason":"","editor_notices":[],"footnotes":""},"categories":[15],"tags":[55,175,491,1986],"class_list":["post-224894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-raising","tag-term-sheet","tag-capital-raising","tag-equity","tag-venture-debt"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>9 Key Terms in a Venture Debt Term Sheet | LegalVision NZ<\/title>\n<meta name=\"description\" content=\"If your startup is looking to raise capital using venture debt, it is essential to understand the key terms in a venture debt term sheet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"9 Key Terms in a Venture Debt Term Sheet | LegalVision NZ\" \/>\n<meta property=\"og:description\" content=\"If your startup is looking to raise capital using venture debt, it is essential to understand the key terms in a venture debt term sheet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/\" \/>\n<meta property=\"og:site_name\" content=\"LegalVision New Zealand\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalVision\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-06T02:07:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-21T03:20:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/2\/2021\/01\/11151412\/mimi-thian-F0cWuDqoakg-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emily Young\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LegalVision_law\" \/>\n<meta name=\"twitter:site\" content=\"@LegalVision_law\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emily Young\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/\"},\"author\":{\"name\":\"Emily Young\",\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/#\\\/schema\\\/person\\\/9c6fb29bc5cc2f7f8385fb0915dfcba1\"},\"headline\":\"9 Key Terms in a Venture Debt Term Sheet\",\"datePublished\":\"2023-10-06T02:07:19+00:00\",\"dateModified\":\"2025-05-21T03:20:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/\"},\"wordCount\":788,\"publisher\":{\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/img.legalvision.com.au\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/01\\\/11151412\\\/mimi-thian-F0cWuDqoakg-unsplash.jpg\",\"keywords\":[\"term sheet\",\"capital raising\",\"equity\",\"venture debt\"],\"articleSection\":[\"Capital Raising Articles\"],\"inLanguage\":\"en-NZ\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/\",\"url\":\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/\",\"name\":\"9 Key Terms in a Venture Debt Term Sheet | LegalVision NZ\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/img.legalvision.com.au\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/01\\\/11151412\\\/mimi-thian-F0cWuDqoakg-unsplash.jpg\",\"datePublished\":\"2023-10-06T02:07:19+00:00\",\"dateModified\":\"2025-05-21T03:20:16+00:00\",\"description\":\"If your startup is looking to raise capital using venture debt, it is essential to understand the key terms in a venture debt term sheet.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/#breadcrumb\"},\"inLanguage\":\"en-NZ\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-NZ\",\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/#primaryimage\",\"url\":\"https:\\\/\\\/img.legalvision.com.au\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/01\\\/11151412\\\/mimi-thian-F0cWuDqoakg-unsplash.jpg\",\"contentUrl\":\"https:\\\/\\\/img.legalvision.com.au\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/01\\\/11151412\\\/mimi-thian-F0cWuDqoakg-unsplash.jpg\",\"width\":2000,\"height\":1250,\"caption\":\"Can I Recover Debt From a Company and Guarantor at the Same Time?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/capital-raising\\\/venture-debt-term-sheet\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/legalvision.co.nz\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/legalvision.co.nz\\\/articles\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Capital Raising Articles\",\"item\":\"https:\\\/\\\/legalvision.co.nz\\\/category\\\/capital-raising\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"9 Key Terms in a Venture Debt Term Sheet\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/#website\",\"url\":\"https:\\\/\\\/legalvision.co.nz\\\/\",\"name\":\"LegalVision New Zealand\",\"description\":\"LegalVision is a commercial law firm in NZ with a commitment to innovation\",\"publisher\":{\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/legalvision.co.nz\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-NZ\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/#organization\",\"name\":\"LegalVision New Zealand\",\"url\":\"https:\\\/\\\/legalvision.co.nz\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-NZ\",\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/legalvision.co.nz\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/11\\\/LegalVision_square_logo.png\",\"contentUrl\":\"https:\\\/\\\/legalvision.co.nz\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/11\\\/LegalVision_square_logo.png\",\"width\":400,\"height\":400,\"caption\":\"LegalVision New Zealand\"},\"image\":{\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LegalVision\",\"https:\\\/\\\/x.com\\\/LegalVision_law\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/legalvision-group\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/legalvision.co.nz\\\/#\\\/schema\\\/person\\\/9c6fb29bc5cc2f7f8385fb0915dfcba1\",\"name\":\"Emily Young\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-NZ\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ad516503a11cd5ca435acc9bb6523536?s=96\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ad516503a11cd5ca435acc9bb6523536?s=96\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ad516503a11cd5ca435acc9bb6523536?s=96\",\"caption\":\"Emily Young\"},\"description\":\"Emily is a Legal Content Writer at LegalVision, where she is able to combine her interests of writing and the law. She graduated with a Bachelor of Laws (Hons) from Bond University in 2018.\",\"url\":\"https:\\\/\\\/legalvision.co.nz\\\/author\\\/emilyyoung\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"9 Key Terms in a Venture Debt Term Sheet | LegalVision NZ","description":"If your startup is looking to raise capital using venture debt, it is essential to understand the key terms in a venture debt term sheet.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/","og_locale":"en_US","og_type":"article","og_title":"9 Key Terms in a Venture Debt Term Sheet | LegalVision NZ","og_description":"If your startup is looking to raise capital using venture debt, it is essential to understand the key terms in a venture debt term sheet.","og_url":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/","og_site_name":"LegalVision New Zealand","article_publisher":"https:\/\/www.facebook.com\/LegalVision","article_published_time":"2023-10-06T02:07:19+00:00","article_modified_time":"2025-05-21T03:20:16+00:00","og_image":[{"width":2000,"height":1250,"url":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/2\/2021\/01\/11151412\/mimi-thian-F0cWuDqoakg-unsplash.jpg","type":"image\/jpeg"}],"author":"Emily Young","twitter_card":"summary_large_image","twitter_creator":"@LegalVision_law","twitter_site":"@LegalVision_law","twitter_misc":{"Written by":"Emily Young","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/#article","isPartOf":{"@id":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/"},"author":{"name":"Emily Young","@id":"https:\/\/legalvision.co.nz\/#\/schema\/person\/9c6fb29bc5cc2f7f8385fb0915dfcba1"},"headline":"9 Key Terms in a Venture Debt Term Sheet","datePublished":"2023-10-06T02:07:19+00:00","dateModified":"2025-05-21T03:20:16+00:00","mainEntityOfPage":{"@id":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/"},"wordCount":788,"publisher":{"@id":"https:\/\/legalvision.co.nz\/#organization"},"image":{"@id":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/#primaryimage"},"thumbnailUrl":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/2\/2021\/01\/11151412\/mimi-thian-F0cWuDqoakg-unsplash.jpg","keywords":["term sheet","capital raising","equity","venture debt"],"articleSection":["Capital Raising Articles"],"inLanguage":"en-NZ"},{"@type":"WebPage","@id":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/","url":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/","name":"9 Key Terms in a Venture Debt Term Sheet | LegalVision NZ","isPartOf":{"@id":"https:\/\/legalvision.co.nz\/#website"},"primaryImageOfPage":{"@id":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/#primaryimage"},"image":{"@id":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/#primaryimage"},"thumbnailUrl":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/2\/2021\/01\/11151412\/mimi-thian-F0cWuDqoakg-unsplash.jpg","datePublished":"2023-10-06T02:07:19+00:00","dateModified":"2025-05-21T03:20:16+00:00","description":"If your startup is looking to raise capital using venture debt, it is essential to understand the key terms in a venture debt term sheet.","breadcrumb":{"@id":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/#breadcrumb"},"inLanguage":"en-NZ","potentialAction":[{"@type":"ReadAction","target":["https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/"]}]},{"@type":"ImageObject","inLanguage":"en-NZ","@id":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/#primaryimage","url":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/2\/2021\/01\/11151412\/mimi-thian-F0cWuDqoakg-unsplash.jpg","contentUrl":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/2\/2021\/01\/11151412\/mimi-thian-F0cWuDqoakg-unsplash.jpg","width":2000,"height":1250,"caption":"Can I Recover Debt From a Company and Guarantor at the Same Time?"},{"@type":"BreadcrumbList","@id":"https:\/\/legalvision.co.nz\/capital-raising\/venture-debt-term-sheet\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/legalvision.co.nz\/"},{"@type":"ListItem","position":2,"name":"Articles","item":"https:\/\/legalvision.co.nz\/articles\/"},{"@type":"ListItem","position":3,"name":"Capital Raising Articles","item":"https:\/\/legalvision.co.nz\/category\/capital-raising\/"},{"@type":"ListItem","position":4,"name":"9 Key Terms in a Venture Debt Term Sheet"}]},{"@type":"WebSite","@id":"https:\/\/legalvision.co.nz\/#website","url":"https:\/\/legalvision.co.nz\/","name":"LegalVision New Zealand","description":"LegalVision is a commercial law firm in NZ with a commitment to innovation","publisher":{"@id":"https:\/\/legalvision.co.nz\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/legalvision.co.nz\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-NZ"},{"@type":"Organization","@id":"https:\/\/legalvision.co.nz\/#organization","name":"LegalVision New Zealand","url":"https:\/\/legalvision.co.nz\/","logo":{"@type":"ImageObject","inLanguage":"en-NZ","@id":"https:\/\/legalvision.co.nz\/#\/schema\/logo\/image\/","url":"https:\/\/legalvision.co.nz\/wp-content\/uploads\/sites\/2\/2020\/11\/LegalVision_square_logo.png","contentUrl":"https:\/\/legalvision.co.nz\/wp-content\/uploads\/sites\/2\/2020\/11\/LegalVision_square_logo.png","width":400,"height":400,"caption":"LegalVision New Zealand"},"image":{"@id":"https:\/\/legalvision.co.nz\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalVision","https:\/\/x.com\/LegalVision_law","https:\/\/www.linkedin.com\/company\/legalvision-group"]},{"@type":"Person","@id":"https:\/\/legalvision.co.nz\/#\/schema\/person\/9c6fb29bc5cc2f7f8385fb0915dfcba1","name":"Emily Young","image":{"@type":"ImageObject","inLanguage":"en-NZ","@id":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96","url":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ad516503a11cd5ca435acc9bb6523536?s=96","caption":"Emily Young"},"description":"Emily is a Legal Content Writer at LegalVision, where she is able to combine her interests of writing and the law. She graduated with a Bachelor of Laws (Hons) from Bond University in 2018.","url":"https:\/\/legalvision.co.nz\/author\/emilyyoung\/"}]}},"_links":{"self":[{"href":"https:\/\/legalvision.co.nz\/api\/wp\/v2\/posts\/224894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/legalvision.co.nz\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalvision.co.nz\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalvision.co.nz\/api\/wp\/v2\/users\/13267"}],"replies":[{"embeddable":true,"href":"https:\/\/legalvision.co.nz\/api\/wp\/v2\/comments?post=224894"}],"version-history":[{"count":4,"href":"https:\/\/legalvision.co.nz\/api\/wp\/v2\/posts\/224894\/revisions"}],"predecessor-version":[{"id":229037,"href":"https:\/\/legalvision.co.nz\/api\/wp\/v2\/posts\/224894\/revisions\/229037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/legalvision.co.nz\/api\/wp\/v2\/media\/201785"}],"wp:attachment":[{"href":"https:\/\/legalvision.co.nz\/api\/wp\/v2\/media?parent=224894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalvision.co.nz\/api\/wp\/v2\/categories?post=224894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalvision.co.nz\/api\/wp\/v2\/tags?post=224894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}