QFX 0.00% 0.1¢ quickflix limited

Ann: Quickflix Enters MOU With Chinese Content Company, page-79

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  1. 3,053 Posts.
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    MoU's are always non-binding, otherwise it would be a contract. Anything you read that states "binding MoU" I woudl always take with a grain of salt until I read the final wording - it amounts to nothing. An understanding is not legally binding.

    So apart from stating the bleeding obvious, the MoU is the foot in the door to a much bigger room and a far larger swankier party.
 
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