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Australasian Biotechnology (backfiles)
AusBiotech
ISSN: 1036-7128
Vol. 11, No. 1, 2001, pp. 29-30
Bioline Code: au01011
Full paper language: English
Document type: Research Article
Document available free of charge

Australasian Biotechnology (backfiles), Vol. 11, No. 1, 2001, pp. 29-30

 en BIOTECH LAW - THE USE OF HEADS OF AGREEMENT IN THE COMMERCIALISATION OF BIOTECHNOLOGY - TO BIND OR NOT TO BIND
Peter Willcocks and Marita Hogan

Abstract

Heads of agreement or memoranda of understanding are commonly used in commercialising biotechnology as a prelude to signing a more formal and detailed agreement. Heads of agreement have their own risks arising out of whether they are to legally bind the parties before a formal agreement is executed.

This paper looks at how this issue can be addressed and some elements of drafting heads of agreement.

 
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Alternative site location: http://www.ausbiotech.org/content.asp?pageid=16

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