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Rather short article. I am an absolute layman when it comes to legal matters of this kind, but this struck me as odd: "Tesla Motors has reportedly signed a non
by michaelvoz 10y ago
Rather short article. I am an absolute layman when it comes to legal matters of this kind, but this struck me as odd:
"Tesla Motors has reportedly signed a non-binding agreement with Chinese government-owned company Jinqiao Group to construct a Tesla production plant in the city of Shanghai."
How can an agreement to build a factory be non binding?
- batiudrami 10y agoI imagine it's just that details are yet to be finalised so both parties can back out if something comes up.
- jonknee 10y ago> How can an agreement to build a factory be non binding? If there is a clause that one or more parties can back out. This is pretty common, buying an option could be considered a non-binding agreement.