Common use of Non-Binding Clause in Contracts

Non-Binding. This Agreement is non-binding and solely for the purpose of establishing a basis upon which Purdue University and (international institution) will continue discussions. Either Purdue University or (international institution) may at its sole discretion terminate discussions for any reason by giving written notice of termination to the other. In the case of a dispute that arises relating to any aspect of cooperation under this Agreement, the parties may attempt to resolve such dispute through friendly negotiation, or either party may elect to terminate the agreement pursuant to the previous provision. Upon termination, the parties will have no further obligations hereunder.