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Heads of Terms Agreement_Template

KSh 5,000

6% Off

Heads of terms are a document setting out the main terms of a commercial agreement reached between parties in a transaction. Following the parties initial negotiations, heads of terms are prepared to set out the agreed basic terms of a contract or commercial lease before the finer details are negotiated.

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  • Suitable for startups and small-to-medium businesses

  • Editable Word Document for you to modify

  • Guidance notes included

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  • Document drafted by a lawyer

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Table of Contents:

  1. DEFINITIONS AND INTERPRETATION
  2. DECLARATION OF TRUST
  3. APPOINTMENT AND REMOVAL OF TRUSTEE
  4. POWERS AND AUTHORITY OF THE TRUSTEE
  5. TRUSTEE’S COVENANTS
  6. POWER OF ATTORNEY
  7. RESTRICTIONS
  8. TRUSTEE’S REMUNERATION
  9. LIABILITY OF THE TRUSTEE
  10. RECORDS OF CHARGES
  11. ACCOUNTABILITY
  12. TERMINATION OF TRUST
  13. LAW
  14. VARIATION
  15. ARBITRATION
  16. NOTICES

ANNEX “A”

SHARE TRANSFER DEED

ANNEX “B”

STATUTORY DECLARATION

ANNEX “C”

IRREVOCABLE SPECIFIC POWER OF ATTORNEY

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