How to Keep Your Non-Binding Term Sheet Non-Binding

How to Keep Your Non-Binding Term Sheet Non-Binding Most business deals start with an informal document memorializing the terms of the transaction to be negotiated.  Known interchangeably as a Memorandum of Understanding (MOU) or Letter of Intent (LOI),  such documents are often intended to be non-binding.  In some circumstances, however, parties can be bound to a “non-binding” […]