Heads Of Agreement

A non-binding document outlining the main issues relevant to a tentative partnership agreement. Heads of agreement represents the first step on the path to a full legally binding agreement or contract, and serves as a guideline for the roles and responsibilities of the parties involved in a potential partnership before any binding documents are drawn up.

As a Heads of Agreement document is only meant to serve as a guideline, it may not be comprehensive enough to cover all the bases relevant to a binding contract. While the parties involved may find broad agreement on the topics covered in a Heads of Agreement document, the devil may be in the details. In other words, the minutiae that must perforce be spelt out in a binding partnership agreement or contract may not be to the liking of all the parties involved in the partnership, which could derail their efforts to work together.

Investment dictionary. . 2012.

Look at other dictionaries:

  • heads of agreement — 1) heads of terms Also known as letters of intent, memoranda of understanding, heads of agreement, letters of potential interest, term sheets or protocols. A document which sets out the terms of a commercial transaction agreed in …   Law dictionary

  • heads of agreement — ˌheads of aˈgreement Used to be nested under agreement . noun heads of agreement PLURALFORM [countable] LAW COMMERCE a document signed by the people involved in a deal, showing that they definitely want to be involved in it: • We have a heads of… …   Financial and business terms

  • Heads of Agreement — may refer to: * Heads of agreement (law), a non binding document outlining the main issues relevant to a tentative (partnership or other) agreement * [Heads ofsecurity crisis in the Central American nation of Belize in March and April 1981,… …   Wikipedia

  • heads of agreement — noun A document stating the intent of the parties to enter into a binding agreement as outlined in the document. Finally, on July 10, 1984, Heads of Agreement were signed. Three extra drafting rounds were necessary in order to formally sign the… …   Wiktionary

  • heads of agreement — /ˌhedz əv ə gri:mənt/ plural noun 1. a draft agreement with not all the details complete 2. the most important parts of a commercial agreement …   Dictionary of banking and finance

  • heads of agreement — /ˌhedz əv ə gri:mənt/ noun the most important parts of a commercial agreement …   Marketing dictionary in english

  • heads of agreement — Gen Mgt the most important elements of a commercial agreement …   The ultimate business dictionary

  • Heads of Agreement (1981) — The Heads of Agreement was a 1981 document proposing a solution to the Guatemalan claim to Belizean territory. Created in February and signed on March 11 in London, England, the agreement sought to propose future bases for negotiations between… …   Wikipedia

  • Heads of Agreement (law) — A heads of agreement is a non binding document outlining the main issues relevant to a tentative (partnership or other) agreement [Website Investopedia (24 Jan 2008) http://www.investopedia.com/terms/h/headsofagreement.asp] References …   Wikipedia

  • agreement — a‧gree‧ment [əˈgriːmənt] noun [countable] 1. an arrangement or promise to do something, made by two or more people or organizations: • Under the agreement, the company will distribute our products in North America. • What happens if the warring… …   Financial and business terms

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