Nonbinding Sample Clauses

A Nonbinding clause establishes that the terms or provisions within a particular section or document are not legally enforceable. In practice, this means that the parties involved are not obligated to follow through with the actions or commitments described, such as in a letter of intent or a memorandum of understanding. The core function of this clause is to allow parties to discuss or outline potential agreements without creating a legal obligation, thereby facilitating negotiations while minimizing legal risk.
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Nonbinding. The Developer acknowledges that, except for Section 7 and the indemnification provisions of Section 16 above which shall all be binding upon the Developer, this Agreement shall not be deemed conclusive or legally binding upon either the Developer or the Authority, and neither the Developer nor the Authority shall have any obligations regarding the Property, the Development or any public assistance described herein, unless and until a Contract is approved by the Board and executed by both the Developer and the Authority, except as otherwise expressly stated herein.
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Nonbinding. This Lease and the terms and conditions set forth herein shall be of no force and effect, and neither party shall be bound hereby, unless and until this Lease has been duly executed and delivered by Landlord and Tenant.
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Nonbinding. The parties agree that except for the paragraphs 14 and 15 (the "Binding Provisions"), this MOU is intended only as a summary of the current intentions of each party with respect to the Proposed Transaction and is not intended to create any enforceable legal obligations. Notwithstanding the foregoing, the Binding Provisions shall survive termination of this letter of intent and shall be legally binding upon and enforceable against the parties hereto and their respective successors and permitted assigns.
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Nonbinding. This MOU is not a binding agreement or offer. This MOU will not give rise to any right or obligation based on any legal or equitable theory (including any right to continue negotiations or to negotiate in good faith). Only the definitive agreements, once executed, will be binding on the Parties.
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Nonbinding. The HRA acknowledges that, except for Section 7 and the indemnification provisions of Section 15 above which shall all be binding upon the HRA, this Agreement shall not be deemed conclusive or legally binding upon either the HRA or the Authority, and neither the HRA nor the Authority shall have any obligations regarding the Property, the Development or any public assistance described herein, unless and until a Contract is approved by the Board and executed by both the HRA and the Authority.
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Nonbinding. This Arrangement does not create legally binding obligations under domestic or international law. The Participants intend that activities under this Arrangement be in accordance with applicable domestic laws, regulations and policies that might be updated throughout the years, and subject to the availability of personnel and resources.
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Nonbinding. This agreement is intended to be a nonbinding statement of intentions and principles. Thus, no provision hereof will be enforceable under the laws of any state, country, or jurisdiction, other than an obligation to deal in good faith.
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Nonbinding a. Notwithstanding any contrary provision of this MOU, it is understood and agreed b y t h e P a r t i e s that this MOU is nonbinding, that Parties are free to withdraw from this MOU at any time, and that this MOU is simply intended by the Parties to constitute an expression of their present i nt e nt i o ns , g o a l s an d as p i r a t i o n s w i t h r e s p e c t t o the Opportunity Center. No Party will have any legal rights or obligations with respect to any other Party because of the existence of this MOU and no Party should take any action in reliance on this MOU. Nothing in this MOU is intended to confer upon any person any rights or remedies under or by reason this MOU as a third party beneficiary or otherwise. b. Any binding agreements referenced within this MOU exist outside of this MOU and are not affected by this MOU.
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Related to Nonbinding

  • Mediation In the event of any dispute arising under or in connection with this Agreement, before either party may initiate arbitration pursuant to Section 5.2 below, ICANN and Registry Operator must attempt to resolve the dispute through mediation in accordance with the following terms and conditions: (a) A party shall submit a dispute to mediation by written notice to the other party. The mediation shall be conducted by a single mediator selected by the parties. If the parties cannot agree on a mediator within fifteen (15) calendar days of delivery of written notice pursuant to this Section 5.1, the parties will promptly select a mutually acceptable mediation provider entity, which entity shall, as soon as practicable following such entity’s selection, designate a mediator, who is a licensed attorney with general knowledge of contract law, has no ongoing business relationship with either party and, to the extent necessary to mediate the particular dispute, general knowledge of the domain name system. Any mediator must confirm in writing that he or she is not, and will not become during the term of the mediation, an employee, partner, executive officer, director, or security holder of ICANN or Registry Operator. If such confirmation is not provided by the appointed mediator, then a replacement mediator shall be appointed pursuant to this Section 5.1(a). (b) The mediator shall conduct the mediation in accordance with the rules and procedures that he or she determines following consultation with the parties. The parties shall discuss the dispute in good faith and attempt, with the mediator’s assistance, to reach an amicable resolution of the dispute. The mediation shall be treated as a settlement discussion and shall therefore be confidential and may not be used against either party in any later proceeding relating to the dispute, including any arbitration pursuant to Section 5.2. The mediator may not testify for either party in any later proceeding relating to the dispute. (c) Each party shall bear its own costs in the mediation. The parties shall share equally the fees and expenses of the mediator. Each party shall treat information received from the other party pursuant to the mediation that is appropriately marked as confidential (as required by Section 7.15) as Confidential Information of such other party in accordance with Section 7.15. (d) If the parties have engaged in good faith participation in the mediation but have not resolved the dispute for any reason, either party or the mediator may terminate the mediation at any time and the dispute can then proceed to arbitration pursuant to Section 5.2 below. If the parties have not resolved the dispute for any reason by the date that is ninety (90) calendar days following the date of the notice delivered pursuant to Section 5.1(a), the mediation shall automatically terminate (unless extended by agreement of the parties) and the dispute can then proceed to arbitration pursuant to Section 5.2 below.

  • REACH The participation in the Joint Registration Dossier may deviate per requesting Non-Lead Member according to its tonnage band or possible opt-outs for certain endpoints.

  • Disagreement Any dissension between the parties other than a grievance defined in the agreement and other than a dispute defined in the Labour Code.

  • Mediator 15.4.1 If the parties cannot resolve the Dispute under clause 15.3 within that period, they must refer the Dispute to a mediator. 15.4.2 If, within a further twenty (20) Business Days, the parties to the Dispute do not agree on a mediator, a party to the Dispute may ask the chairman of the Resolving Body to appoint a mediator. 15.4.3 The mediator assists in negotiating a resolution of the Dispute. A mediator may not bind a party unless the party agrees in writing. 15.4.4 The mediation ends if the Dispute is not resolved within twenty