Heads of Terms, sometimes known as a term sheet or memorandum of understanding, are not usually legally binding. However, they set out the framework of a deal in principle. This includes price, payment terms, roles and responsibilities, and any conditions that must be met before a final agreement is signed.
If you’re progressing toward a merger or acquisition, joint venture, or shareholder agreement, Heads of Terms can prevent wasted time by highlighting deal-breakers early on.
We’ll prepare a tailored document outlining the key elements of your proposed agreement. This allows everyone to assess whether the commercial terms are workable before committing to a full contract.
We help ensure both sides have a shared understanding of roles, timelines, financials, and other crucial terms. This reduces friction and increases confidence as the deal progresses.
Our team brings legal and commercial insight to the table. We guide you through negotiations and highlight where terms may need to be tightened or clarified, working alongside our commercial negotiation team where needed.
Even if the agreement is non-binding, having key points in writing helps reduce risk and shows intent to proceed seriously.
Need to draft or review Heads of Terms?
Get in touch with Jamieson Law to make sure your next deal starts on solid ground.
At Jamieson Law, we understand that navigating the complex world of corporate law is crucial for the success and growth of your business. Our experienced team is here to provide expert guidance and support across a wide range of corporate legal matters.
