Heads of Terms & Preliminary Agreements

Preliminary agreements and heads of terms are also known as letters of intent, memoranda of understanding, term sheets or heads of agreement, and are generally contained in a short document outlining the main terms of a commercial transaction agreed between the parties in principle.

Need assistance with a Preliminary Agreement?

There are advantages and disadvantages to using heads of terms and preliminary agreements, and we will thoroughly assess your circumstances before recommending the use of such document for your business.

As a general rule, preliminary agreements do help create clarity and certainty at the crucial initial stages of a business relationship which inevitably helps to avoid misunderstandings later on. They also provide a useful road map of the steps to be taken before a formal agreement is signed.

Get expert legal assistance for your business today

If you need help drawing up or reviewing Heads of Terms & Preliminary Agreements then get in touch with BLS Law today. We pride ourselves on our exemplary service and years of experience helping a range of businesses, from large multi-national corporates and public companies to privately-held businesses and individuals. We also enjoy working across a wide range of industries and sectors.

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