My internship with the Business Development Center in Rwanda
was an amazing partnership between Regent’s School of Business and Development
and Regent Law. The Business Development Center is a non-profit organization
based in Rwanda that focuses on preparing and nurturing entrepreneurs to start
and grow business with ethical values. It combines world-class entrepreneurial
training with a comprehensive package to support and advise local businesses.
The affect is development and empowerment for the local businesses. The
connection between business and investment has always been vital to development
in emerging regions of the world. Partnerships between investors and business
owners can be the catalyst that causes transformative change in disadvantaged
communities.
As a way to help foster the partnership between the
investors and business owners, I created viable
term sheets (contracts) that will
be conducive to the intent of each respective side. Many times, the creation of
an agreeable term sheet can cause an increasing amount of friction between
investors and business owners. Having the opportunity to help create term
sheets that supports both the interests of the business owners and the
investors has been worthwhile. If something were to go wrong in the investment
deal, the opportunity for each of the parties to be able to arbitrate
effectively is vital. The enforceability of the term sheet is what ultimately
allows the potential opportunities to come to fruition.
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