jtc speculation, page-55

Non-binding MOU's can have different intents for different companies and different cultures. If honoured by the intent of the document the MOU should in most cases role over into a contract. An MOU is often requested by companies who have to complete more formal due diligence which is a costly exercise and often company Board's like to see such a commitment before embarking upon significant capital expenditure. Such a demonstration of commitment is also often required when dealing with financial institutions when requesting significant amounts of money.

My opinion is this: The Japanese are considered a very honourable culture and I would like to believe we have the same opinion of Tony (his presence on this blog site demonstrates his transparency). As such a non-binding MOU between two such parties should signal a very very clear intent.

Also we do not know the details of the MOU and that the non-binding components of the MOU may be specifically identified.

Another questions is has anyone been involved with a binding MOU. A binding understanding without the details, that's why the world has contracts.

Enjoy life and enjoy the PLV run, coming soon.