Agreement Not Binding Clause Samples

The 'Agreement Not Binding' clause establishes that the document or communication in question does not create a legally enforceable contract between the parties. Typically, this clause is used in preliminary discussions, letters of intent, or draft agreements to clarify that neither side is obligated to proceed until a formal contract is executed. By including this provision, parties can freely negotiate terms or share information without the risk of being prematurely bound to an agreement, thereby preventing misunderstandings or unintended legal commitments.
POPULAR SAMPLE Copied 2 times
Agreement Not Binding. Nothing contained in this Agreement will create any obligation on the part of Seller under this Agreement unless and until Seller has executed and delivered to Purchaser a counterpart copy of this Agreement.
View SourceView Similar (4)
Agreement Not Binding. Nothing contained in this Agreement will create any obligation on the part of Lender Agent or Lenders under this Agreement unless and until Lender Agent and each Lender has executed and delivered to Purchaser a counterpart copy of this Agreement. Nothing contained in this Agreement will create any obligation on the part of Purchaser under this Agreement unless and until Purchaser has executed and delivered to Lender Agent and Lenders a counterpart copy of this Agreement.
View Source
Agreement Not Binding. 3.1 Except for clause 9 (Confidentiality), this MoU is being signed by the Parties to evidence their in principle non-binding intentions. This MoU outlines the framework of a working relationship between the parties. The Parties acknowledge that no legally binding obligations are intended to arise between them as a result of the signing of this document. Binding obligations are only intended to arise upon signing by the Parties of a formal written agreement in accordance with Clause 6. 3.2 Any action taken by any party in anticipation of approvals will be at the sole risk of that Party. 3.3 No partnership or joint venture is created by this MoU, and neither party can commit the other financially or otherwise to third parties.
View SourceView Similar (3)
Agreement Not Binding. This MOU is not intended to be a legally binding agreement. If any party breaches the agreement, there is no recourse against the breaching party.
View Source
Agreement Not Binding. This Memorandum of Understanding is being signed by the Parties to highlight their initial non- binding intentions. The Parties acknowledge that no legally binding obligations are intended to arise between them as a result of the signing of this document. Binding obligations are only intended to arise after signing by the parties of a specific formal written agreement. Any action taken by any party in anticipation of approvals will be the sole risk of that Party. The Parties agree and acknowledge that nothing contained in this Memorandum of Understanding enables any of them as an agent, partner or trustee whatsoever, or to has the authority or power to act, create or assume any responsibility or obligation on behalf of anyother Party.
View Source

Related to Agreement Not Binding

  • Agreement Binding This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

  • Successors and Binding Agreement (a) The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance satisfactory to Indemnitee and his or her counsel, expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. This Agreement shall be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any person acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor will thereafter be deemed the “Company” for purposes of this Agreement), but shall not otherwise be assignable or delegatable by the Company. (b) This Agreement shall inure to the benefit of and be enforceable by the Indemnitee’s personal or legal representatives, executors, administrators, heirs, distributees, legatees and other successors. (c) This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 15(a) and 15(b). Without limiting the generality or effect of the foregoing, Indemnitee’s right to receive payments hereunder shall not be assignable, whether by pledge, creation of a security interest or otherwise, other than by a transfer by the Indemnitee’s will or by the laws of descent and distribution, and, in the event of any attempted assignment or transfer contrary to this Section 15(c), the Company shall have no liability to pay any amount so attempted to be assigned or transferred.

  • Successors; Binding Agreement This Agreement shall inure to the benefit of and be binding upon personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

  • Valid and Binding Agreement This Agreement has been duly executed and delivered by Seller and constitutes, and each other agreement, instrument, or document executed or to be executed by Seller in connection with the transactions contemplated hereby to which it is a party has been, or when executed will be, duly executed and delivered by Seller and constitutes, or when executed and delivered will constitute, a valid and legally binding obligation of Seller, enforceable against it in accordance with their respective terms, except that such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium, and similar laws affecting creditors' rights generally and (b) equitable principles which may limit the availability of certain equitable remedies (such as specific performance) in certain instances.

  • Non-Binding Unless expressly authorised in writing by the Group-Wide Lenders and then on such terms and conditions as the Group-Wide Lenders may require, the Steering Committee shall not negotiate the terms of or enter into any agreement on behalf of the Group-Wide Lenders of any of them. This Clause 19 and Clause 14.4 may be relied upon by any member of the Steering Committee notwithstanding the provisions of Clause 17.11.