From Nathan Nelson's LAWntrepreneur blog a post on VC term sheets. Nathan's a solicitor specializing in startups and corporate yada.
Price
Liquidation Preference
Board of Directors
Protective Provisions
Drag Along
Anti-Dilution
Pay-to-Play
Dividends
Redemption Rights
Conversion
Conditions Precedent to Financing
Vesting
Information Rights
Registration Rights
Right of First Refusal
Voting Rights
Employee Pool
Restriction on Sales
Proprietary Information and Inventions Agreement
Co-Sale Agreement
Founders Activities
Initial Public Offering Shares Purchase
No Shop Agreement (also Unilateral or Serial Monogamy)
Indemnification
Assignment