Non-Inclusive; Non-Binding Clause Samples
The "Non-Inclusive; Non-Binding" clause establishes that the document or agreement in which it appears does not represent a comprehensive or exhaustive statement of all terms, nor does it create any legally enforceable obligations between the parties. In practice, this means that the parties are not bound to proceed with any transaction or relationship solely based on the contents of the document, and additional terms may be negotiated or added later. The core function of this clause is to prevent misunderstandings or premature commitments, ensuring that neither party is legally obligated until a formal, binding agreement is executed.
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Non-Inclusive; Non-Binding. This Agreement does not contain all matters upon which agreement must be reached in order for the Project to be completed. This Agreement does not create and is not intended to create a binding and enforceable contract between the Parties with respect to the provisions of Article I and the subject matter of the Project, and may not be relied upon by a Party as the basis for a contract by estoppel or otherwise. A binding commitment with respect to the Project can only result from the execution and delivery of a definitive agreement.
Non-Inclusive; Non-Binding. This Agreement does not contain all matters upon which agreement must be reached in order for the Joint Venture Agreement and the Transaction to be completed. With respect to the provision of Article 2, this Agreement does not create and is not intended to create a binding and enforceable contract between the Parties and may not be relied upon by a Party as the basis for a contract by estoppel or otherwise. A binding commitment with respect to the Transaction can only result from the execution and delivery of definitive agreements. For the avoidance of doubt, Articles 3 and 4 create a binding and enforceable contract between the Parties.
Non-Inclusive; Non-Binding. This letter does not contain all matters upon which agreement must be reached in order for the Acquisition to be completed. This letter does not create and is not intended to create a binding and enforceable contract between the Parties with respect to the provision of Article 1 and the subject matter of the Acquisition, and may not be relied upon by a Party as the basis for a contract by estoppel or otherwise. A binding commitment with respect to the Acquisition can only result from the execution and delivery of the Definitive Agreements.
Non-Inclusive; Non-Binding. This MOU does not reference all matters upon which agreement must be reached in order for the Project to be developed and implemented. The Parties acknowledge that this MOU does not represent a binding offer or agreement by the Parties with respect to the terms and conditions set forth in Section 1 and the Term Sheet, and may not be relied upon by either Party as the basis for a contract by estoppel or otherwise. Any such binding agreement will arise only upon the negotiation, execution and delivery of one or more definitive written agreements by and between the Parties. Neither Party is obligated by entering into this MOU to enter into any definitive agreements with the other Party.