Heads of terms (commercial)
A Heads of terms can help establish the key terms of an agreement and avoid misunderstandings or disputes.
Relevant Contract Types
📑 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.
Relevant Contract Types
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
