Heads of agreement template free
Other Names: Term Sheet Heads of Agreement HOT Letter of Intent Memorandum of Understanding MOU Comfort Letter Pre-contract Protocol
What we'll cover
- About Heads of Terms
- Heads of Terms FAQs
- Heads of Terms checklist
What are Heads of Terms?
Heads of Terms set out the key terms that are the basis on which two parties intend to form a contract. A Heads of Terms agreement acts as a non-binding, preliminary step, which is to be followed by the formation of a legally binding contract. Heads of Terms can include legally binding obligations of confidentiality, exclusivity and non-solicitation.
When should I use Heads of Terms?
Use these Heads of Terms:
- if you are interested in signing an agreement with another business
- to formalise ongoing discussions with another business
- to record what has been agreed, before a legally enforceable agreement is drawn up
- to protect your valuable business information and key employees during negotiations
Sample Heads of Terms
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