No Binding Contract Clause Samples

The "No Binding Contract" clause establishes that the parties' discussions, negotiations, or preliminary documents do not create a legally enforceable agreement. Typically, this clause clarifies that neither side is obligated to proceed with the transaction or relationship until a formal contract is executed, and it may specify that any exchanged correspondence or draft agreements are non-binding. Its core function is to prevent misunderstandings or premature legal obligations, ensuring that both parties are only bound once a definitive agreement is formally signed.
No Binding Contract. We understand that this Bid, together with your Letter of Acceptance, and the award and execution of a Framework Agreement, shall not constitute a binding contract between us, until a formal Call-off Contract awarded under the Framework Agreement, is prepared and executed;
View SourceView Similar (6)
No Binding Contract. BECAUSE THE PROPOSED REPC REPRESENTS A SHORT SALE, BUYER AND SELLER ACKNOWLEDGE AND AGREE THERE IS NO BINDING CONTRACT FOR THE PURCHASE AND SALE OF THE PROPERTY, AND NO ▇▇▇▇▇▇▇ MONEY IS REQUIRED, UNTIL BUYER, SELLER AND THE THIRD PARTIES REACH A WRITTEN AGREEMENT WITH EACH OTHER AS PROVIDED IN SECTION 4. 4. THIRD PARTY CONDITIONS. If one or more of the Third Parties requests modifications to the Proposed REPC ("Third Party Conditions") Seller shall, no later than four (4) days after Seller's receipt of the Third Party Conditions, provide a counter offer to Buyer that includes the Third Party Conditions that modify Buyer's obligations under the REPC. The Third Party Conditions shall not be binding upon Buyer or Seller without their mutual written consent, which consent may be withheld by ▇▇▇▇▇ and/or Seller in their respective sole discretion. If by the Approval Deadline referenced in Section 5 below, Buyer, Seller and the Third Parties reach a written agreement, and ▇▇▇▇▇ has not previously cancelled the Proposed REPC as referenced in Section 7 below, then Buyer and Seller shall be deemed to have entered into a binding contract with each other for the purchase and sale of the Property, with the Third Parties approval of the Short Sale.
View SourceView Similar (2)
No Binding Contract. We understand that this Bid, together with your Letter of Acceptance, and the award and execution of a Framework Agreement, shall not constitute a binding contract between us, until a formal Call-off Contract awarded under the Framework Agreement, is prepared and executed; No exclusivity: We understand that the award of a Framework Agreement, provides no form of exclusivity between the Procuring Agency/Purchaser to the ▇▇ ▇▇▇▇▇▇/Supplier. The Procuring Agency/Purchaser is, at all times, entitled to enter into other contracts and agreements with other suppliers for the provision of any or all goods which are the same as or similar to the Goods.
View Source
No Binding Contract. The SSMPS may, after reviewing the Tender received, enter into discussions with one or more of the Proponents, without such discussion in any way creating a binding contract. This RFT, or submission of a Tender, shall not create a legal binding contract.
View Source

Related to No Binding Contract

  • Binding Contract We understand that this Tender, together with your written acceptance thereof included in your Letter of Acceptance, shall constitute a binding contract between us, until a formal contract is prepared and executed;

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

  • Power; Binding Agreement Stockholder has the legal capacity, power and authority to enter into and perform all of its obligations under this Agreement. The execution, delivery and performance of this Agreement by Stockholder will not violate any agreement or any court order to which Stockholder is a party or is subject including, without limitation, any voting agreement or voting trust. This Agreement has been duly and validly executed and delivered by Stockholder.

  • Authority; Binding Agreement (a) The Company hereby represents that this Agreement and the performance by the Company of its obligations hereunder (i) has been duly authorized, executed and delivered by the Company, and is a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws generally affecting the rights of creditors and subject to general equity principles, (ii) does not require the approval of the stockholders of the Company and (iii) does not and will not violate any law, any order of any court or other agency of government, the charter of the Company or the By-laws of the Company, or any stock exchange rule or regulation, or any provision of any indenture, agreement or other instrument to which the Company or any of its properties or assets is or are bound, or conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any such indenture, agreement or other instrument, or result in the creation or imposition of, or give rise to, any lien, charge, restriction, claim, encumbrance or adverse penalty of any nature whatsoever pursuant to any such indenture, agreement or other instrument. (b) Each member of the Gilead Group represents and warrants that this Agreement and the performance by such member of the Gilead Group of its obligations hereunder (i) has been duly authorized, executed and delivered by the Gilead Group and such member, and is a valid and binding obligation of such member, enforceable against such member in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws generally affecting the rights of creditors and subject to general equity principles, (ii) does not require approval by any owners or holders of any equity interest in any member of the Gilead Group (except as has already been obtained) and (iii) does not and will not violate any law, any order of any court or other agency of government, the charter or other organizational documents of any member of the Gilead Group, as amended, or any provision of any agreement or other instrument to which any member of the Gilead Group or any of its properties or assets is bound, or conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any such agreement or other instrument, or result in the creation or imposition of, or give rise to, any lien, charge, restriction, claim, encumbrance or adverse penalty of any nature whatsoever pursuant to any such agreement or instrument.

  • 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.