Sonoro Energy Ltd. V.SNV

RE:RE:RE:RE:RE:RE:RE:RE:SNV Strong Buy

[RoyMax123]

Yeah, it's basically the courts that decide if whether or not there's binding, anyway I think we'll know soon enough if it's the real deal or not this time.

ark88 wrote: I agree with your assessment of the news release which leaves one very much wanting, however I disagree with you regarding the meaning of a MoU. The intent of both parties entering into the MoU matters and I quote from your source...............If the parties do not wish to make their agreement legally binding, Courts will not enforce the document. If the parties, however, show intent to make the agreement legally binding, Courts can rule that the parties effectively entered into a contract.

RoyMax123 wrote: Unless they have a contract signed and didn't disclosed it, they are not legally bind. Look at the en of section 2 here 
https://www.cpdonline.ca/news-and-events/blog/what-is-the-difference-between-a-contract-and-a-memorandum-of-understanding

"Unlike contracts, however, a memorandum of understanding is not intended to be a legally binding agreement.  As a result, parties can typical avoid the agreement with no legal consequences."

MJB4231 wrote: That is simply untrue. No way we advance with Jimmy and give him a percentage of the company without it being legally binding. Management know more of his antics then we do and dotted every I & T