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.
Appears in 1 contract
Sources: Memorandum of Understanding
Agreement Not Binding. 3.1 4.1 Except for clause 9 10 (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 67.
3.2 4.2 Any action taken by any party in anticipation of approvals will be at the sole risk of that Party.
3.3 4.3 No partnership or joint venture is created by this MoU, and neither no one party can commit the other another Party financially or otherwise to third parties.
Appears in 1 contract
Sources: Memorandum of Understanding
Agreement Not Binding. 3.1 4.1 Except for clause 9 10 (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 67.
3.2 4.2 Any action taken by any party Party in anticipation of approvals will be at the sole risk of that Party.
3.3 4.3 No partnership or joint venture is created by this MoU, and neither party Party can commit the other another Party financially or otherwise to third parties.
Appears in 1 contract
Sources: Memorandum of Understanding