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Dictionary by pitch.dog
Commercial agreements & supporting documents · Core

Heads of terms

Also called: heads of agreement

ELI5

A summary of proposed commercial terms used before full documentation, often in UK/Commonwealth practice.

Used in conversation

“Can we circulate heads of terms with the assumptions and open questions marked?”

Pitch context

You will see “Heads of terms” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches commercial agreements & supporting documents.

Why it matters: In commercial agreements & supporting documents, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

  • Term sheetThe search label “Heads of terms” can route to both entries.
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Sources & evidence · 5

Direct term-level sources and supporting source families.