Common use of Non-Binding MOU Clause in Contracts

Non-Binding MOU. This MOU is intended to constitute an expression and mutual understanding of the Parties’ willingness to work collaboratively in support of the development and deployment of SMR’s. None of the Parties intend this MOU will create any legally binding or enforceable rights or obligations, with the exception of Sections 4.1, 5.1, 5.2, 5.8 (the "Binding Provisions"), which are binding and enforceable.

Appears in 2 contracts

Sources: Collaboration Memorandum of Understanding, Collaboration Memorandum of Understanding

Non-Binding MOU. This MOU is intended to constitute an expression and mutual understanding of the Parties’ willingness to work collaboratively in support of the development and deployment of SMR’sSMRs. None of the Parties intend this MOU will create any legally binding or enforceable rights or obligations, with the exception of Sections 4.1, 5.1, 5.2, 5.8 (the "Binding Provisions"), which are binding and enforceable.

Appears in 1 contract

Sources: Collaboration Memorandum of Understanding