failure costs agreements

failure costs agreements

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Costs (English law) — Costs is a term of art in civil litigation in English law (the law of England and Wales), and in other Commonwealth jurisdictions. After judgment has been given, the judge has the power to order who will pay the lawyers fees and other… …   Wikipedia

  • preliminary agreements — A generic description for a number of documents that are signed in the early stages of a potential acquisition, usually before detailed due diligence and drafting starts. Preliminary agreements include the following: • heads of terms (also called …   Law dictionary

  • break fees — Also known as failure costs agreements. A payment from the buyer or seller to the other (or possibly payable by the target itself) if the deal does not proceed to signing or closing. Common situations that trigger a break fee payment are breach… …   Law dictionary

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