Common use of Status of MOU Clause in Contracts

Status of MOU. 3.1 The parties acknowledge and agree that this MOU does not create any legally enforceable rights or impose any legally binding obligations including any direct or indirect rights on the part of third parties. This MOU sets forth a statement of intent of HKEx and the SFC regarding the arrangements and procedures for facilitating the performance of their respective functions.

Status of MOU. 3.1 The parties acknowledge and agree that this MOU does not create any legally enforceable rights or impose any legally binding obligations including any direct or indirect rights on the part of third parties. This MOU sets forth a statement of intent of HKEx HHEx and the SFC regarding the arrangements and procedures for facilitating the performance of their respective functions.