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Ralph Greenberger
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Heads of Agreement: Binding or not?
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Heads of Agreement: Binding or not?
2 August 2021
Heads of Agreement, and other similar preliminary agreements, are entered into by parties who contemplate that a further, more formal, agreement will be signed. Yet lawyers are frequently in a dilemma as to whether Heads of Agreement are binding or not. Why is there a dilemma? Can any doubt be removed?