Heads of Terms – FAQs

July 2021 This Guide focuses on Heads of Terms as used for acquisitions (buying company shares or buying business assets as a going concern).

Unfair by definition

You can check out any time you like but you can never compete? A Court of Appeal decision on restrictive covenants by employee shareholders

Goodwill hunting

An example of loose drafting of a warranty liability exclusion clause in a share purchase agreement