Who We Are
What We Do
Our Experience
Businesses for Sale
Buyer’s Guide
Food and Beverage
Audio
Other Resources
Let’s TalkNon-Binding
Having no legal or binding force.
Tips
Non-binding is normally used in the context of a non-binding letter of intent (LOI). Technically some clauses in the LOI are binding, such as a clause regarding confidentiality; however, other clauses, such as those relating to purchase price, are intended to be non-binding. Some letters of intent include the binding and non-binding clauses in separate sections so there is no doubt as to which clauses are binding. Note that some courts, however, have interpreted a letter of intent to be binding, even though the parties intended it not to be so.
Related Resources
Selling Your Business?
Work with an industry leader that gets you results.
We invested over a decade perfecting every step of the process. The result is a method proven to reduce your risk and maximize your price.
View Our Process Now