Intention to Negotiate Sample Clauses
The Intention to Negotiate clause clarifies that the parties are entering discussions or exchanges with the purpose of exploring a potential agreement, but are not yet legally bound to any terms. Typically, this clause is used in preliminary documents such as letters of intent or memoranda of understanding, where parties wish to outline their willingness to negotiate without committing to a contract. Its core function is to prevent misunderstandings or premature legal obligations by making it clear that negotiations are non-binding until a formal agreement is reached.
Intention to Negotiate. The Customer is amenable to negotiating the terms of the Agreement.
Intention to Negotiate. Negotiation Meetings
A. No later than January 15 of the calendar year in which this agreement is to expire, either party shall submit to the other written notice of its intent to negotiate as provided in Article XXXII.
B. Within (5) days of the date of the request, the parties will establish a mutually convenient time and place for a meeting. The meeting shall take place no later than ten (10) days following the date of the request. Additional meetings that may be necessary to complete an agreement shall be agreed upon by the negotiations representative.
C. This shall not be construed as extending the recognized period beyond that stated by the contract or provisions of TCA 49-5-601 -- 49-5-604.