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

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.