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This case buttresses the point that if it is not signed, it does not exist. I hope they bounce back strong.
by OoTheNigerian 16y ago
This case buttresses the point that if it is not signed, it does not exist. I hope they bounce back strong.
- boucher 16y agoNot that much. Term sheets aren't binding, so the fact that it wasn't signed is pretty much just decoration in this story.
- martinkallstrom 16y agoAll agreements are binding, term sheets as well if they are formulated as agreements. But what you agree upon in a termsheet is formulated as "if we do a deal, these are the terms". According to the story, in this case there was also a substantial break-up fee written into the agreement. It might be the case that the signature is all that is missing to make it enforcable. However, there is without a doubt more to the story than revealed in the article. The missing signature might as well be a red herring, but not because "term sheets aren't binding".
- deleted 16y ago[deleted]