Asset Sales Heads of Terms

This document typically includes essential details such as the price, payment terms, and assets under consideration, ensuring both parties are aligned on the basic transaction details. It may also outline confidentiality clauses, exclusivity arrangements, and the timeline for completing the transaction.

While not legally binding, the Heads of Terms provides a basis for negotiating the final agreement and helps prevent misunderstandings during the legal due diligence process. It safeguards the interests of both the buyer and seller by stating the agreed-upon terms in writing.