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Heads of Terms Heads of terms in commercial transactions from our specialist lawyers in Milton Keynes

Agreeing heads of terms is an important part of major commercial transactions such as share sales, business transfers and commercial leases.

Similar to a letter of intent or memorandum of understanding, heads of terms are drawn up once the parties have agreed on the main terms of a commercial agreement, but before legal drafting begins in earnest.

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The importance of Heads of Terms

It is vital to get advice before you agree heads of terms. The heads of terms should be an accurate reflection of the deal you intend to make with the other side. While not legally binding, they form the basis for all subsequent legal work.

Heads of terms are a blueprint for the agreement you’ll be signing. They carry the key terms agreed by the parties. To make demands later in negotiations that are not mentioned in the heads of terms could weaken your negotiating position – this is why you need advice on them before they are signed. We’ll ensure the heads of terms fully cover all the key commercial provisions that are important to you, so everything is clear from the outset.

The corporate and commercial team at Heald in Milton Keynes will help you prepare a heads of terms document that will form a robust framework for future negotiations. We’ll work with you to identify all the key commercial provisions of the transaction, as well as any deal breakers.


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Our Heads of Terms Services

We’ll give you the advice and support you need to produce heads of terms that set out the main aspects of the deal. You can rely on our pragmatic team to spend the appropriate amount of time on this part of the deal, saving you time and costs later in the transaction.

  • Agreeing the main commercials
  • Advising on key terms and conditions
  • Negotiating the draft heads of terms document
  • Advising on areas of potential dispute
  • Enabling a smooth ongoing negotiation.
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For expert advice contact our commercial solicitors

Heald Solicitors’ team of legal professionals advises on a range of commercial transactions requiring heads of terms at a preliminary stage of negotiations.

While our office is in Milton Keynes, we regularly work with clients throughout England and Wales, often remotely, meaning that you can expect the same expert legal advice and excellent client care wherever you are located.

For more information on how we can help, please get in touch with our legal expert David Dees .

01908 355 405
[email protected]

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Our Legal Expert David Dees

Get to know us wih a call back, at a time that suits you. Let us offer some guidance and direction to start your journey with Heald Solicitors today.