HEADS OF AGREEMENTHeads of Agreement • February 3rd, 2017
Contract Type FiledFebruary 3rd, 2017A “Heads of Agreement” sets out the commercial terms of a proposed Lease, and is often entered into between prospective Tenants and Landlords during lease negotiations. Such an agreement may be effective to create a framework for the parties to negotiate a final Lease, and to provide a level of confidence that the parties are committed to negotiations and that a deal is likely - but do you know what you are getting into?
HEADS OF AGREEMENTHeads of Agreement • February 3rd, 2017
Contract Type FiledFebruary 3rd, 2017A “Heads of Agreement” sets out the commercial terms of a proposed Lease, and is often entered into between prospective Tenants and Landlords during lease negotiations. Such an agreement may be effective to create a framework for the parties to negotiate a final Lease, and to provide a level of confidence that the parties are committed to negotiations and that a deal is likely - but do you know what you are getting into?