Search results
Results from the WOW.Com Content Network
Term sheets are very similar to "letters of intent" (LOI) in that they are both preliminary, mostly non-binding documents meant to record two or more parties' intentions to enter into a future agreement based on specified (but incomplete or preliminary) terms. The difference between the two is slight and mostly a matter of style: an LOI is ...
According to Randy Barnett, the TTToC stands in opposition to most mainstream contract theories which view contractual obligations as the result of a binding promise. [3] [4] [page needed] Proponents of the approach often claim it is superior on grounds of both consistency and ethical considerations. The TTToC is often supported by libertarians ...
Pricing, quantity, and welfare effects of a binding price ceiling. There is a substantial body of research showing that under some circumstances price ceilings can, paradoxically, lead to higher prices. The leading explanation is that price ceilings serve to coordinate collusion among suppliers who would otherwise compete on price.
An ineffective, non-binding price floor, below equilibrium price. A price floor could be set below the free-market equilibrium price. In the first graph at right, the dashed green line represents a price floor set below the free-market price. In this case, the floor has no practical effect.
A binding agreement ... in which the Supreme Court of the United States struck down economic regulations on the ... An example of a non-existent beneficiary is an ...
Non-binding or nonbinding may refer to Nonbinding allocation of responsibility (NBAR) in a superfund; Non-binding authority in law; Non-binding arbitration; Non-binding constraint, mathematics; Non-binding opinion in patent law: International preliminary report on patentability objective; Non-binding opinion (United Kingdom patent law) Non ...
One of the issues before the state’s voters is the non-binding advisory question asking whether millionaires should pay a 3% surcharge for property tax relief. With less than half of the vote ...
A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract.