Question

is heads of agreement legal cintra

ipo activity in 2007 to 2013

Answer 1

The question is not as simple as it appears. It's highly subjective and depends upon interpretation. I have put together my thoughts. You can add further meat to it, if need be.

Whether Head of terms are legally binding on parties are not is dependent upon how they had been drafted. The best way to make them binding is to mention a line in the document that these Head of Terms are binding on both the parties. So legal enforceability of head of terms is dependent upon the way they are documented.

• Heads of terms (HOTs), Memorandum of Understanding (MOUs), Proposals, Letter of Intent (LOI) etc are usually not legally enforceable in the court of law.
• This is because these documents as mentioned above are just a reflection of agreement reached between parties to enact formal binding documentation. These documents are just examples of agreement to create further agreements. Hence, they are not binding in the court of law.