This template contains the basic requirements of a Heads of Agreement in respect of a potential business acquisition, under which a prospective seller and a buyer of a business, agree on the key commercial terms of the sale. It is prepared from the perspective of the seller. If you are a buyer and need to prepare the heads of agreement then this template will need amending.
When agreeing on the key commercial terms for the sale of a business, there are numerous matters which must be considered. These include what assets are to be included in the sale, how and when the purchase price will be paid and the conditions precedent required for the particular transaction.
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