Common use of Non-Binding Until Fully Executed Clause in Contracts

Non-Binding Until Fully Executed. The submission of this Agreement for examination, negotiation and signature does not constitute an offer to purchase or a reservation of, or an option for, the properties. This document shall not be binding or in effect until at least one counterpart hereof has been duly executed by CNLR and URI and delivered to CNLR and URI.