Common use of Not an Offer Clause in Contracts

Not an Offer. Nothing set forth in this Agreement shall be construed to create a joint venture between Buyer and Seller nor shall presentation of drafts hereof by one party to the other be deemed an offer, and this Agreement shall only become a binding and enforceable contract upon execution hereof by both parties.

Appears in 3 contracts

Sources: Purchase and Sale Agreement (Accelrys, Inc.), Agreement of Sale and Purchase (Eagle Hospitality Properties Trust, Inc.), Agreement of Sale and Purchase (Diagnostic Products Corp)

Not an Offer. Nothing set forth in this Agreement shall be construed to create a joint venture between Buyer Purchaser and Seller nor shall presentation of drafts hereof by one party to the other be deemed an offer, and this Agreement shall only become a binding and enforceable contract upon execution hereof by both parties.

Appears in 1 contract

Sources: Purchase and Sale Agreement