Agreement Not Binding Clause Samples
The 'Agreement Not Binding' clause establishes that the document or communication in question does not create a legally enforceable contract between the parties. Typically, this clause is used in preliminary discussions, letters of intent, or draft agreements to clarify that neither side is obligated to proceed until a formal contract is executed. By including this provision, parties can freely negotiate terms or share information without the risk of being prematurely bound to an agreement, thereby preventing misunderstandings or unintended legal commitments.
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Agreement Not Binding. Nothing contained in this Agreement will create any obligation on the part of Seller under this Agreement unless and until Seller has executed and delivered to Purchaser a counterpart copy of this Agreement.
Agreement Not Binding. Nothing contained in this Agreement will create any obligation on the part of Lender Agent or Lenders under this Agreement unless and until Lender Agent and each Lender has executed and delivered to Purchaser a counterpart copy of this Agreement. Nothing contained in this Agreement will create any obligation on the part of Purchaser under this Agreement unless and until Purchaser has executed and delivered to Lender Agent and Lenders a counterpart copy of this Agreement.
Agreement Not Binding. 3.1 Except for clause 9 (Confidentiality), this MoU is being signed by the Parties to evidence their in principle non-binding intentions. This MoU outlines the framework of a working relationship between the parties. The Parties acknowledge that no legally binding obligations are intended to arise between them as a result of the signing of this document. Binding obligations are only intended to arise upon signing by the Parties of a formal written agreement in accordance with Clause 6.
3.2 Any action taken by any party in anticipation of approvals will be at the sole risk of that Party.
3.3 No partnership or joint venture is created by this MoU, and neither party can commit the other financially or otherwise to third parties.
Agreement Not Binding. This MOU is not intended to be a legally binding agreement. If any party breaches the agreement, there is no recourse against the breaching party.
Agreement Not Binding. This Memorandum of Understanding is being signed by the Parties to highlight their initial non- binding intentions. The Parties acknowledge that no legally binding obligations are intended to arise between them as a result of the signing of this document. Binding obligations are only intended to arise after signing by the parties of a specific formal written agreement. Any action taken by any party in anticipation of approvals will be the sole risk of that Party. The Parties agree and acknowledge that nothing contained in this Memorandum of Understanding enables any of them as an agent, partner or trustee whatsoever, or to has the authority or power to act, create or assume any responsibility or obligation on behalf of anyother Party.