Drafting Skills · glossary
Words on a term sheet that mean nobody is bound yet. Only the signed contract binds. The term sheet for the vans carries them at the top. Term Sheet, heading · 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 Subject to contract, in Buying Commercial Property.
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 →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Drafting Skills and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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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 →