Non-Binding Agreement Sample Clauses
A Non-Binding Agreement clause establishes that the terms outlined in a document or discussion are not legally enforceable and do not obligate the parties to proceed with a transaction or relationship. In practice, this clause is often included in preliminary documents such as letters of intent or memoranda of understanding, where parties wish to outline potential terms without committing to them. Its core function is to provide a framework for negotiation and discussion while protecting both parties from unintended legal obligations before a formal, binding contract is executed.
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Non-Binding Agreement. This Agreement is executed by each the Company’s directors and/or officers in their capacities as directors and/or officers and the obligations of this Agreement are not binding upon any of them individually; rather, they are binding only upon the assets and property of the Company.
Non-Binding Agreement. Receiving Party agrees that Seller will not be under any legal obligation of any kind whatsoever to enter into any agreement or any kind of nature with respect to a sale of the Property and/or any interest therein to Receiving Party or any of its Representatives. Seller expressly reserves the right at its sole discretion to reject any and all proposals or expressions of interest in the properties and to terminate discussions with any party at any time with or without liability of any kind or nature.
Non-Binding Agreement. Except for the paragraph entitled “Public Announcements and Confidentiality Agreement,” the provisions in the Letter of intent are for information purposes only and are nonbinding on all parties. The Prospective Transaction requires further negotiation and documentation, including preparing and executing a final agreement. This letter does not require either party to proceed to the completion of a binding final agreement. The parties shall be contractually bound to the sale, purchase, or transfer listed above unless and until they enter into a formal, written final agreement, which must be in form and content satisfactory to each party and to each party’s legal counsel, in their sole discretion.
Non-Binding Agreement. The Parties acknowledge that this MOU is not a binding and enforceable contract. The below signatures indicate that all parties acknowledge and agree to the terms described above.
Non-Binding Agreement. This MOU is a non-binding agreement that expresses mutual understandings of the parties and shall not under any circumstances be interpreted as an enforceable contract at law. In no event shall this MOU be enforced against the other party by any legal or equitable suit or action. Nothing in this MOU shall be construed as obligating USACE to perform any activity contemplated herein or expend any funding in support of this MOU.
Non-Binding Agreement. This Agreement is executed by each Trust’s Trustees and/or officers in their capacities as Trustees and/or officers and the obligations of this Agreement are not binding upon any of them or the shareholders individually; rather, they are binding only upon the assets and property of that Trust.
Non-Binding Agreement. 3.1 This Agreement represents an understanding between ECCC and Participating Companies. It is not intended to create legally binding obligations and is therefore not legally enforceable.
3.2 This Agreement does not preclude Participating Companies from implementing any other environmental initiatives or measures as it sees fit. Adherence to this Agreement does not in any way exempt Participating Companies from complying with all applicable laws and regulations.
3.3 This Agreement does not preclude ECCC from taking other measures or actions, including making laws, or enforcing the existing laws of the Government of Canada.
3.4 Participating Companies agree to participate fully in this Agreement to attain the objective of minimizing the release of chlorhexidine and its salts from their Facilities to levels that are protective of the aquatic environment as set out in this Agreement.
3.5 ECCC may add other companies that release chlorhexidine and its salts in a concentration that may result in levels that are not protective to the environment as a party to this Agreement.
3.6 This Agreement will apply to the successors or assignees of the parties.
3.7 In the event that a company is no longer a party to the Agreement, the Agreement shall survive and remain in effect for the remaining parties.
Non-Binding Agreement. 1.1 This LOI is not legally binding, except for the provisions stated in Clause 6 (Dispute Resolution).
1.2 Both parties agree to use reasonable efforts to proceed towards a formal agreement, including a seven-year lease, subject to planning approval and negotiation of final terms.
Non-Binding Agreement. With the exception of Sections 6 (Interim Obligations), 7 (Due Diligence), 9 (Confidentiality), 11 (Termination), 12 (Expenses), 13 (Non-Binding Agreement) and 14 (Governing Law), this letter does not, nor is it intended to, constitute a binding agreement, an agreement in principle or a legally binding contract between the parties. Unless and until the Definitive Agreement has been executed and delivered, neither party will be under any legal obligation of any kind whatsoever with respect to the transactions contemplated hereunder by virtue of this letter, except for the matters specifically identified in this Section 13 as legally binding.
Non-Binding Agreement. This Agreement is executed by the Company’s President in his capacity as President of the Company and the obligations of this Agreement are not binding upon him individually; rather, they are binding only upon the assets and property of the Company.