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Heads of Agreement for Sale of Business

Heads of Agreement Template for Sale of Business

Heads of Agreement for Sale of Business includes:-

  • Identification of business
  • Identification of property from which the business is operated
  • Payment of holding deposit
  • Vendor’s costs to be paid from deposit
  • Deposit to be returned if lease does not proceed, less costs.
  • Acceptance
  • Terms to be included in contract for sale
  • Terms to be included in lease
  • No binding agreement until contract formalised.

4 pages long.

Heads of Agreement for The Sale of a Business

This information is not legal information provided by Precedents Online or it’s Authors.  It is for General Information only and to be used accordingly.

Also known as a “heads of terms,” or “letter of intent,” a heads of agreement marks the first step on the path to a full legally binding agreement or contract and a guideline for the roles and responsibilities of the parties involved in a potential partnership before any binding documents are drawn up.
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