Plastic2Oil Inc (PTOI)

[Renz]

An Agreement is of binding nature, whereas a MoU is binding upon the parties if the memorandum is signed in exchange for monetary consideration. Since no money was exchanged, it was not binding.
Conclusion: If the parties do not want any legal binding upon them, they can go for MoU without exchanging money.

jaxstraw
Re: ThePennyGuru post# 300989
Post #300990 of 300990

Huge difference between a MOU and a Master Agreement

Neither is binding and neither has a monetary exchange.

So what makes up this huge difference ?