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.
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding (Finmetal Mining Ltd.)