Preliminary Agreements
Duration
This is a two hour training session, qualifying for 2 CPD hours.
Objectives
The objectives of the training session are to enable participants to:
- Identify the various documents, collectively referred to as preliminary agreements.
- Understand the underlying purpose and legal effect (if any) of each type of agreement namely heads of terms, confidentiality agreements, exclusivity agreements and agreements concerning break fees.
- Recognise the advantages and disadvantages of each type of agreement and the key features of each from both the perspective of seller and that of the buyer.
- The session focuses primarily on preliminary agreements in the context of an acquisition or disposal.