Heads of terms—commercial contracts
Heads of terms—commercial contracts

The following Commercial precedent provides comprehensive and up to date legal information covering:

  • Heads of terms—commercial contracts
  • BACKGROUND
  • 1 Definitions and interpretation
  • 2 Legally binding terms
  • 3 Non-binding heads of terms
  • 4 The proposed contract
  • 5 Exclusivity
  • 6 Confidentiality
  • 7 Termination
  • 8 Entire agreement
  • More...

This Agreement is made on [date]

Parties

  1. 1

    [Insert name of party] [of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at] [insert address] (Party A); and

  1. 2

    [Insert name of party] [of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at] [insert address] (Party B),

each of Party A and Party B being a party and together Party A and Party B are the parties.

BACKGROUND

    1. (A)

      Party A carries on the business of [insert description].

    1. (B)

      Party B carries on the business of [insert description].

    1. (C)

      The parties wish to document certain non-legally binding Heads of Terms in connection with the Project, which they intend will form the basis of the Proposed Contract, and certain legally binding terms.

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        Definitions

        In this Agreement:

        [Associated Act

        1. means the supply of goods or the provision of services in whole or in part that are the same as or similar to those required in connection with the performance of the Project;]

        Business Day

        1. means a day [other than a Saturday, Sunday or public holiday] in England;

        Confidential Information

        1. means all information of a confidential nature disclosed in whatever form by a party directly or indirectly to the other party and includes all know-how, trade secrets, financial, commercial, technical, tactical or strategic

Popular documents