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For personal use only21 January 2019 ASX Release Digital Customer Acquisition and Lead Generation Company Impelus Limited (ASX: IMS) (IMS, Impelus or Company) advises that the Extraordinary General
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How to fill out heads of agreement and

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To fill out heads of agreement, follow these steps:
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Start by providing the names of the parties involved in the agreement.
03
Clearly define the purpose of the agreement and the scope of the project or transaction.
04
Include the key terms and conditions that both parties agree upon.
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Specify any deadlines or milestones that need to be met.
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Outline the responsibilities and obligations of each party.
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Include any financial terms, such as payment terms or cost-sharing agreements.
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Address any important legal provisions, such as dispute resolution mechanisms or termination clauses.
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Ensure that both parties review and sign the agreement once it is filled out.
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Keep copies of the heads of agreement for future reference or legal purposes.

Who needs heads of agreement and?

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Heads of agreement are typically needed in situations where two or more parties are entering into a significant business deal, partnership, joint venture, or transaction, such as:
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- Companies forming a strategic alliance
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- Businesses considering a merger or acquisition
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- Buyers and sellers in negotiations for a commercial real estate deal
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- Parties involved in a technology licensing agreement
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- Contractors and clients establishing the terms of a construction project
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Heads of agreement provide a preliminary framework for the future detailed agreement and can serve as a guiding document during negotiations and due diligence.
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Heads of agreement is a preliminary document that outlines the main terms and conditions of a proposed agreement between parties. It serves as a basis for future negotiations and the drafting of a formal contract.
Typically, the parties involved in the negotiation of an agreement are responsible for preparing and filing the heads of agreement. This often includes business partners, organizations, or individuals entering into a contract.
To fill out heads of agreement, parties should clearly outline the key terms, such as the purpose of the agreement, the roles and responsibilities of each party, any financial details, and important dates. It’s essential to ensure that all parties agree on the terms before finalizing the document.
The purpose of heads of agreement is to summarize the key elements of a future agreement, provide clarity on the expectations of the parties, and help speed up the drafting of a formal contract by clarifying intentions.
Information that must be reported on a heads of agreement includes the parties involved, terms and conditions, the scope of work, financial obligations, key timelines, and any other critical details that outline the agreement's framework.
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