Binding MOU Clause Samples

A Binding Memorandum of Understanding (MOU) is a formal agreement between parties that outlines specific terms and obligations, and is legally enforceable. Unlike a non-binding MOU, this clause ensures that the commitments made—such as timelines, deliverables, or payment terms—are not merely statements of intent but are obligations that can be upheld in court. By establishing clear, enforceable expectations, a Binding MOU provides certainty and legal protection for all parties, reducing the risk of misunderstandings or disputes during the collaboration.
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Binding MOU. Each Party agrees that the terms of this MOU are valid, legally binding on, and enforceable against such Party.
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Binding MOU. Notwithstanding any other provision of this MOU, the parties agree that this MOU constitutes a legal, valid and binding agreement of each party, and is enforceable against each party in accordance with its terms.
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Binding MOU. This MoU is a binding agreement by and between the parties and enforceable against each of the parties in accordance with its terms.
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Binding MOU. This MOU, including the terms set forth on Exhibit A attached hereto (the “Term Sheet”), shall be binding and enforceable against each Party in accordance with the terms hereof until it is terminated or expires pursuant to the terms of this MOU.
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Binding MOU. Each Party agrees that the terms of this MOU are valid, legally binding on, and enforceable against such Party. This MOU, sets forth the entire understanding of the Parties with respect to the subject matter hereof, and supersedes all prior oral and written agreements, understandings, representations, conditions and all other communications relating thereto.
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Related to Binding MOU

  • Binding Agreement This Agreement shall be binding and inure to the benefit of the Parties hereto and their respective heirs, legal successors, and assigns.

  • Binding Obligations The obligations expressed to be assumed by it in each Finance Document are, subject to any general principles of law limiting its obligations which are specifically referred to in any legal opinion delivered pursuant to Clause 4 (Conditions of Utilisation), legal, valid, binding and enforceable obligations.

  • Binding Obligation Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws, now or hereafter in effect, affecting the enforcement of creditors’ rights in general, and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

  • Binding Contract We understand that this Tender, together with your written acceptance thereof included in your Letter of Acceptance, shall constitute a binding contract between us, until a formal contract is prepared and executed;

  • Binding Agreements This Agreement and the other Financing Documents executed and delivered by the Borrowers have been properly executed and delivered and constitute the valid and legally binding obligations of the Borrowers and are fully enforceable against each of the Borrowers in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties, and general principles of equity regardless of whether applied in a proceeding in equity or at law.