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StockObserver

1,309 Posts.

583

20/11/19

15:17

Post #: 41533808
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Originally posted by divvv10: ↑

Except you left out an important word .. 'BINDING Term Sheet'.

You got your info from the LegalVision website, if you kept reading past the first sentence you would have read this:

"A term sheet may be binding or non-binding on the parties. If it is binding, and only subject to preparation of formal legal documentation, then the term sheet should be detailed and so far as is possible outline all the clauses to be included in legal documentation to be subsequently prepared by the parties (or their legal representatives)."

Each case depends on its own particular wording and what the parties intended. Therefore, 'Term Sheets' can be contractual and binding.

Expand

"Binding"

Hmmm, where have we heard that before?

MXC Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 30.0¢		Change 0.000(0.00%)		Mkt cap ! $16.08M

Open	High	Low	Value	Volume
30.0¢	30.0¢	30.0¢	$77	257

Buyers (Bids)

No.	Vol.	Price($)
3	21556	30.0¢

Sellers (Offers)

Price($)	Vol.	No.
33.0¢	105	1

View Market Depth

No.	Vol.	Price($)
3	21556	0.300
1	3921	0.255
2	14004	0.250
2	20938	0.245
1	2200	0.230

Price($)	Vol.	No.
0.330	105	1
0.395	5754	1
0.430	2500	1
0.440	2673	2
0.445	1668	1

Last trade - 10.50am 28/10/2024 (20 minute delay)

RGT (ASX) Chart