This template Memorandum of Understanding/Heads of Terms is for use where parties wish to document the key principles that they intend will form the basis of their negotiations for a detailed, legally binding contract.
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The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.
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