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Hype vs. Reality: A Heads of Agreement (HoA) is a not legally binding contract
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Hype vs. Reality: A Heads of Agreement (HoA) is a not legally binding contract
Executive Summary Recent announcements by the Canadian Minister of Natural Resources and the B.C. Premier have heavily overhyped a preliminary agreement between the proposed Ksi Lisims LNG project and Germany’s state-owned energy firm, SEFE (Securing Energy for Europe). While framed politically as a major breakthrough for Canadian energy exports, a deeper look reveals that this agreement is not a binding sales contract, contrary to the way it ha…
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