📑 Heads of terms for commercial transactions

A heads of terms is a document that sets out the main points that have been agreed by the parties in commercial transactions. It is not a binding contract, but it is a helpful tool to ensure that both parties are clear about the key terms of the agreement. The heads of terms will typically cover the main points such as the parties involved, the purpose of the agreement, the key terms and conditions, and the date that the agreement will come into effect.

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