RE:RE:RE:RE:RE:RE:RE:RE:RE:Iime to take the money and RunHe his a Non-Binding expert LOL almost 100 emails on this mater ----------------------------------------------------------
Uses of a Non-Binding Offer
A non-binding offer is used in the following ways:
1. Clarify on essential terms of a negotiation
The non-binding offer serves as a way for negotiating parties to clarify some fundamental issues of the negotiations before deploying substantial resources to the transaction. For example, the buyer may be interested in acquiring a substantial percentage of the buyer’s stocks as part of the consideration. The non-binding offer provides information on the payment terms.
2. Announce that two parties are negotiating
In business transactions, the parties to a merger or acquisition can use a non-binding offer to announce that they are negotiating with the goal of buying or acquiring another company. In the United States, public companies involved in a mergers or acquisition deal must file a letter of intent/non-binding offer with the Securities and Exchange Commission.
3. Safeguard the negotiations
A non-binding offer serves as a protection for negotiating parties in case the deal collapses during the negotiation. A non-binding offer means that the transaction is not legally binding and any of the parties can voluntarily withdraw from the contract before the signing of the binding offer.