The Heads of Agreement (HOA) outlines the terms and conditions of the offer made to the Licensee applicant. This is a legally binding document and is required to be signed by the Directors of the proposed Licensee.
A non-binding outline of the major features of a partnership agreement. It serves as the framework that will be used by lawyers as they draft the legal agreement defining the partnership, such as the shareholders agreement.
The section of the settlement agreement in which the principal terms of the agreement are set forth.
A non-binding document outlining the main issues relevant to a tentative partnership agreement.