Drafting Skills · glossary

Heads of terms

Another name for a term sheet: a short table of the points agreed so far, before anyone drafts the contract. Chapter 1 · see Term sheet

Explained in Chapter 1, How to Draft a Contract from a Term Sheet, of Drafting Skills.

The main page for this term is Heads of terms, in M&A Foundations.

How it comes up, in Chapter 1
The deal starts on a term sheet: a short table of the points agreed so far. Another name for it is heads of terms. Leonie built this one from Martyn’s notes and Kestrow’s written quote. It is marked subject to contract, so nobody is bound until the contract is signed.
Read Chapter 1, How to Draft a Contract from a Term Sheet →

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Related terms

Where this term lives

This term is part of one fictional contract, from term sheet to signing, with every document attached and a test after every chapter. Open Drafting Skills → · All terms A–Z →