Heads of Terms (business and asset purchase)


This is a template for a non-binding heads of terms for a business and asset purchase.


£185 

About this document


This template is for a non-binding heads of terms agreement between a potential buyer and seller for the acquisition of a business and its assets.  It outlines key terms and conditions for the proposed acquisition, including details on what the buyer intends to acquire, the total price payable, transfer of employees, conditions for completion, negotiation timeline, transaction documents, due diligence, costs responsibility, other agreements, rights of third parties, and governing law.  The main purposes of the document are to establish the principal terms of the deal, ensure confidentiality, set conditions for the acquisition, outline the transaction process, and specify the legal framework for the agreement, all before finalising a formal asset purchase agreement. 

It is important to note that this document is a template and should be customised to fit the specific needs and circumstances of the parties. 

Also download the following:

Guide to Asset Purchases

Exclusivity Letter (business and asset purchase) template

Confidentiality Letter (asset purchase) template

Business & Asset Sale Agreement template

These templates are supplied subject to our Terms of Sale 


Publisher’s Notice:

Note: This publication does not necessarily deal with every important topic, nor cover every aspect of the topics with which it deals. Templates do not include or provide legal or other advice to users. They are designed to provide a head-start to the development of a commercial agreement and are not the finished article. They require careful reading, analysis and customisation in order to meet the particular needs of the parties to the document. 

All templates and other documents downloaded from this website are subject to our Terms of Sale

Any enquiries about this document can be directed to info@contracts-direct.com.

Publisher: Atkins-Shield Ltd: Company No. 11638521 
Registered Office: 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ

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