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The board folded. > Do you think that the term sheet holds OpenAI liable for changes in Microsoft's stock price? There’s nothing binding on a term sheet.
by junofan 3y ago
The board folded.
> Do you think that the term sheet holds OpenAI liable for changes in Microsoft's stock price?
There’s nothing binding on a term sheet.
- jacquesm 3y ago> There’s nothing binding on a term sheet. The confidentiality part and the 'no shop' part of a terms sheet are definitely binding and if you break those terms you'll be liable for damages.