Heads of terms agreement template – Can the free legal documents offered on the Net be a replacement for consulting with an attorney?
In some cases, most definitely.
To give a simple illustration: The law in your state may require a written contract for the sale of goods over a certain value. Or for that matter, you may choose to grant your parent a power of attorney to sell something on your behalf whilst away on holiday. It does not need specialized legal knowledge to compile a bill of sale for a motorcycle, automobile or other goods or to draw up a limited power of attorney.
Likewise, a young person without a lot of assets might want to draft a final will and testament or a living will. For most young people a conventional legal template can be used to make their files and the forms can be downloaded free from the Internet, without incurring legal costs. Of course, it’ll be a different case for a billionaire with various assets and a complicated will where consultation with a legal and/or financial expert is invaluable.
Many parents recognize the need for a medical consent form for a babysitter in case of a medical emergency. Or they may require a more comprehensive temporary guardianship form when their child will be staying with a relative or trusted friend. These sample forms are freely available online.
Free legal documents are particularly valuable when they’re also accompanied by legal guidelines on how to complete them.
Even though the law recognizes oral agreements, it always makes sense to get it in writing to avoid arguments over what exactly was agreed upon. Applying sample legal documents to compile your own contracts is no different to lawyers using their existing templates for standard agreements.
Of course there are many instances where you must consult with an attorney. Again, you may use the free legal documents and free legal information available on the Internet to do your preparation beforehand and so lower the consulting period – and hours charged. Please have a look our heads of terms agreement template on the attachment page.
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