Heads of Agreement


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Heads of Agreement

An informal agreement between two parties seeking to form a partnership outlining the rights and responsibilities each would have in the partnership. Heads of agreement are intentionally vague and are usually the first step toward a full contract. Negotiations continue after the MOU is signed. Heads of agreement are similar to a memorandum of understanding for partnerships, but heads of agreement are not enforceable in a court of law, unlike an MOU. See also: Handshake Agreement.
References in periodicals archive ?
The finalisation and signing of Heads of Agreement for the offtake with leading LNG players, is another major step in derisking the project on the run to FID.
The heads of agreement was signed during the three-day official visit of Omani Sultan Qaboos bin Said Al Said to Tehran.
Under the terms of the Heads of Agreement, CWH, will fund AUD $35 million in exploration activities to earn a 70 per cent interest in blocks WA-442-P and NT /P81, located in the southern Bonaparte Basin, 250 km south-west of Darwin.
said "Today we signed heads of agreement and thereafter further details will be incorporated, following discussions to take place in the near future".
The Heads of Agreement brought together for the first time the parties with greatest interest in the future of the region: pastoralists, indigenous people and conservation groups.
The Heads of Agreement recognises the importance of early childhood teachers and educators, and will help attract and retain talented and highly qualified staff.
Impact is pleased to announce it has signed Heads of Agreement and
Wayne Gronquist, acting Chief Executive Officer and Chief Financial Officer of Saint James, said: "We are pleased to have entered into the Heads of Agreement with Neqtar.
8 announced that it has entered into a second supplement to the 2003 Heads of Agreement with the Government of The Bahamas enabling KZL to proceed with the next major phase of development at its flagship property, Atlantis, Paradise Island:
Although the RFU voted 30-14 to approve the Heads of Agreement document bringing the English First Division clubs on side, English Second Division Rugby kicked the accord straight into touch and the resulting stalemate still prevails.
In its election campaign in 1996, the Howard government promised $40 million to advance the Cape York Heads of Agreement.
The Commonwealth and Tasmanian Governments today released the signed Mersey Community Hospital Heads of Agreement.