Non-Binding Nature Sample Clauses
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Non-Binding Nature. This MOU is not intended to and does not give any person who is not a Participant to it any rights to enforce any of its provisions. Nothing in this MOU will be construed as creating a binding legal relationship between the Participants, with the exception of only Article IV herein which will survive the expiry or termination of this MOU. This MOU is a broad statement of intent which sets forth the general basis upon which the Participants wish to proceed. No legal liability will arise in respect of any subject matter hereof unless a subsequent binding agreement is negotiated, approved, executed and delivered by the Participants to this MOU.
Non-Binding Nature. 2.1 The Parties agree that this Memorandum of Understanding, continuing discussion, future exchange of information, past or future correspondence or other communications between the Parties shall not commit either Party to continue discussion or negotiation nor shall such be legally binding as an informal agreement or agreement to agree to a potential cooperative relationship. The only way the Parties shall be bound to a cooperative Signed By:▇▇▇▇▇ BHALCHANDRAPPA BARJIBHE relationship, if at all, shall be by a definitive agreement in writing duly executeSignded By:CbN=RAyHUL the Parties. Any other action or expenses which either Party takes or incurs in anticipation that a cooperative relationship will be consummated shall be entirely at that Party’s risk and expense and shall not impose any liability on the other Party.
2.2 This Memorandum of Understanding describes the intention of the Parties and is not intended to be (nor shall it be deemed to be) a legally binding contract or to have any legally binding effect on the Parties or create any legal rights or obligations, with the exception of Clauses 2 to 10 which shall be binding contractual terms between the Parties.
Non-Binding Nature. Except as otherwise provided in this MoU, the Parties acknowledge that this MoU is not intended to be legally binding on either of them, and is simply a statement of intent by each of them to strengthen cooperation and communication. Nothing contained in this MoU, and no action taken by or on behalf of either the IBP/GIFT or the Ministry pursuant to this MoU, is intended to create or be construed to imply any agency, partnership, joint venture or fiduciary relationship between the Parties.
Non-Binding Nature. The submission of an unsigned copy of this document to Tenant for Tenant’s consideration does not constitute an offer to lease the Leased Premises or an option to or for the Leased Premises. This document shall become effective and binding only upon the execution and delivery of this Lease by both Landlord and Tenant.
Non-Binding Nature. This MOU shall not be construed as creating any legally binding rights or obligation on the part of either Institution and shall not be enforceable in law or equity in any court or tribunal for any purpose. This MOU is only an indication of interest and does not constitute a binding contractual commitment with respect to the transactions discussed herein. A binding commitment with respect to the proposed transactions will result only from the execution of one or more specific, separate agreements between the Institutions.
Non-Binding Nature. This MOU is intended only to set forth the general understanding of the parties with respect to the subject matter herein, and does not, and is not intended to, contractually bind the parties.
Non-Binding Nature. Except as to the provisions of paragraphs 3 and 4 (which provisions are enforceable against the parties in accordance with their terms), the parties understand and agree that (i) this letter sets forth the parties’ current intentions with respect to a possible Transaction and (ii) this letter does not create and is not intended to create a binding and enforceable agreement between the parties or a duty on the part of either party to negotiate in good faith toward a binding contract, and may not be relied upon by either party as the basis for a contract by estoppel or otherwise. A binding agreement with respect to the Transaction will result only from the execution of mutually acceptable Definitive Agreements.
Non-Binding Nature. This LOIC is intended only to set forth the general understanding of the parties with respect to the subject matter herein, and does not, and is not intended to, contractually bind the parties. CIWA and WWU are the only parties to this MOU. This MOU neither implies nor creates any financial obligations on the part of the Pacific Lutheran University.
Non-Binding Nature. Other than the provisions explicitly stated in this MOU to be binding, no other provision of this MOU shall be legally binding upon the Parties.
Non-Binding Nature. These working arrangements are not intended to create any legal rights or obligations in respect of either of the Sides and do not have any financial implications on either Side.