Clean Vision Corp (CLNV)

[old man river]

From what I can recall, this is the only press release that mentions a binding MOU.

When you read the press release, it is the responsibility for CLNV's subsidiary to find projects, get them permitted and raise all of the funds necessary for the project.

This would naturally include the money needed to pay GGII for their designed equipment. Effectively, the MOU can be reduced to a sales agency agreement between GGII and Clean Seas.

If CLNV's subsidiary does not fulfill its part of the deal namely raising the funds to pay for the equipment, GGII does not build the equipment. No harm to GGII if Clean Seas does not deliver. No harm other than reputation to Clean Seas and by extension CLNV if they cannot raise the financing.

To me, it would be better reported as a partially exclusive (by territory) term limited (2 years) best efforts sales agency agreement.

Yes, it may be a binding agreement but there does not appear to be any teeth to it should nothing happen.