"A MOU is NOT a binding agreement � literally it is just recording an understanding. In this case the broad nature of the proposed licence agreement which is yet to be negotiated in detail, let alone signed. I�m sure it will be though."
and btw Rapier. we may beg to differ on the scope of the particular MOU as it relates, not that we are in a position to know the exact intent, but from:
* Business objectives * Shareholdings * Transfer of shares * Confidentiality * Board structure * Restrictive covenants
This is the first stage leading to a Shareholders Agreement. This document can be legally binding or the parties can choose that it will not be for the present moment.
CXY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held