Another Trust Statement (1 Viewer)

[James Smith]

Did fisher not claim the agreement was vetoed at council level?

He claimed that the council had vetoed a sale in the SCG teleconference when no sale had even been agreed all that had been agreed was a heads of terms, which SISU then walked away from and I think then started the rent strike.

I had to look the Heads of Agreement (often known as the heads of terms HOTS) phrase up when I first heard it but Wikipedia has a good definition a heads of agreement is:

A heads of agreement is a non-binding document outlining the main issues relevant to a tentative (partnership or other) agreement.[1] A heads of agreement document will only be enforceable when it is adopted into a parent contract and subsequently agreed upon. Until that point, a heads of agreement will not be legally binding

http://en.wikipedia.org/wiki/Heads_of_Agreement_(law)

 

---