Common use of NONBINDING AGREEMENT Clause in Contracts

NONBINDING AGREEMENT. This Memorandum is only a statement of the parties’ mutual intentions and is not a legally binding agreement. This Memorandum does not create a contract or other legally enforceable commitments. It is mutually understood that any Signatory State may, at any time at its sole discretion, discontinue participation in this Memorandum or reject or deviate from any proposals developed by the Coordination Group.