APG 0.00% 0.2¢ austpac resources nl

so much for that, page-22

  1. 491 Posts.
    EARNIE,
    you wrote:-

    "KSE, as usual you have the facts wrong. Sorry to tell you but the HOA signed are LEGALLY BINDING on BOTH parties....and if you dont beleive me ring the company."

    Well what can I say, how dare I challenge EARNIE.

    Try this little extract:-

    -------------
    Examples of agreements generally intended to be "non-binding" include 'Memoranda of Understanding' (MOU's) and 'Heads of Agreement' (HOA's).

    MOU's are generally entered into to formally signify a strategic alliance between two parties.

    Heads of Agreement are sometimes used during the process of negotiating a contract where some specific items have been discussed and agreed, subject to the agreement of further terms in the future.

    Neither an MOU nor an HOA is binding on either party, and is therefore not enforceable as a contract by one party against the other.
    ---------------

    Well, well, how wrong am I?

    Was I also wrong about someone using the third party context to disguise their own actions?

    What's up EARNIE, did I touch a nerve?
 
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