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This document is a template for a Joint Venture Agreement between two businesses.
Heads of terms (also referred to as letters of intent or memoranda of understanding) set out the key commercial terms of the sale that has been reached between the parties.
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PandaTip: Because this heads of agreement template isn't a contract, it doesn't need an expiration date. Until that point, a heads of agreement will not be legally. Heads of terms (also known as letters of intent, memoranda of understanding or heads of agreement) set out the terms of an acquisition agreed in principle between the parties.
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