Question:What purpose do milestones serve in the term sheet? 

A They protect the target company in case they don't perform well. 
B They prevent outsiders from investing until specific goals are met. 
C They force the management to make decisions they would not want to make otherwise. 
D They stipulate the goals the target company has to meet in order to receive subsequent amounts of funding. 

+ Answer
D 

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Md. Habib Ullah

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