UBC Law Review

UBC Law Review

& Franchise Law Review

What is a Heads of Agreement Template?

 

A heads of agreement template may constitute several different forms of signatory page to any business document.

Interactions on a professional level be they contracts or just general consensus between those involved, are forms of a basic agreement. They can come in a wide array of forms, from government bills and charters, to franchise and license agreements.

In business and law, these agreements require that the heads of agreement state their names and sign off both with signature and printed name, on the agreement in question. The importance of these heads of agreement documents being standard and properly laid out is insurmountable.

This is where a heads of agreement template is a precious and powerful thing to have, and there are several reasons for this. It’s best to look at the reasons for needing a good and diverse template through examining some simple scenarios, rather than get into abstract technicalities.

Examples of why a heads of agreement template is vital

To put it frankly, nobody’s word is law in business, law or government. While many people would feel remorse for these times of distrust, there is a good reason people adhere to this philosophy, obviously.

This is why a heads of agreement template, one well-designed and thought out, is a powerful way to make contracts, edicts and bills of any level of importance secure and inarguable.

Consider a situation where a heads of agreement template was not used, that matched the heads of agreement articles of previous documents a business had. A quick, hastily-typed form was drafted on the fly for a new contract, and due to wording, a missing place for a signature, or other such vital aspects, was mistakenly left out.

The missing signer of the document can claim all they want to be in accord with their colleagues on the agreement, but it is useless to make such claims in the marketplace or in a court room, and the contract will be void.

Compare this to a situation where a standard, well-implemented heads of agreement template was created ahead of time for a business or organization. Every contract, charter and other binding agreement in their archives possesses the same exact heads of agreement articles, guaranteeing matching signatures, and matching design of the contracts.

This means that every aspect of any contract can easily be examined as well as any other in the set, without any difficulty or debate.

Like so many other documents, templates being used across the board make life a lot less complicated and disorganized. Heads of agreement templates are just such an example.