Heads of Agreement / Term Sheet — $49
A few quick questions · $49 once · No card until the final step
Before you start: Heads of Agreement / Term Sheet
Pre-contract heads of agreement or term sheet outlining the key commercial terms — which parts are legally binding and which are not, how long the other side is held to deal only with you, the deal structure and when the terms expire. Common reasons: pre-contract — locking in deal terms before the SPA, JV agreement or asset purchase is drafted; joint venture or partnership negotiations between businesses.
- Answer plain questions about your situationAbout 5 minutes, one question at a time. No legal knowledge and no card needed.
- See how your document is set out, then pay $49 onceBy card through Stripe. The full document is drafted in about 5 minutes.
- Read it, change it, then approve itChange the wording yourself or ask for a redraft (unlimited edits, 2 redrafts included). Nothing is sent until you approve it.
You can stop at any point before paying, at no cost.
What's included
- Clear commercial deal terms (price, structure, timing, conditions)
- Marked binding vs non-binding clauses (so nothing is signed by accident)
- Exclusivity period and due-diligence provisions
- Expiry date and the conditions that must be met first
- Costs allocation and confidentiality clauses
- Australian governing law and jurisdiction
What to have ready
- Who it goes to: their name, and their email if you want us to send it
- The key dates, and any amounts involved
- Any documents, emails or messages. Tell us in the chat what you have; the document can refer to them.
Common questions
Is a heads of agreement legally binding?It depends on how it's drafted. Most heads of agreement are part-binding, part-non-binding. Things like confidentiality, exclusivity, and costs are typically binding. The deal terms themselves (price, structure) are usually intent-only, subject to the long-form contract. Ours states the binding/non-binding split explicitly.
What's the difference between a heads of agreement and a term sheet?In Australia, the terms are used interchangeably. "Term sheet" is more common in venture capital. "Heads of agreement" is more common in M&A and commercial deals. Same document.
Do I still need a long-form contract?Yes. A heads of agreement records what you agreed in principle. The long-form contract (SPA, JV agreement, etc.) is the legally enforceable document that follows once due diligence is done.
Finish now, or come back later
Your Heads of Agreement / Term Sheet is nearly there