Be Wise › Contract glossary › Heads of terms
Heads of terms
Heads of terms record the main points of a deal agreed in principle before the full contract is drafted. They are usually expressed not to be legally binding, apart from specific clauses such as confidentiality and exclusivity.
In more detail
They should state clearly which provisions are binding, so neither party is surprised later.
Put it into a contract
Be Contract Wise provides very powerful, carefully prepared tools to draft and review simple or complex contracts under the law of England and Wales or Scots law, explaining every clause in plain English.
England & Wales appScotland appReviewed 2026-09-24. General legal information, not legal advice.