Clean Vision Corp (CLNV)

[old man river]

An LOI is not binding unless it expressly states that it is. This is a matter of standard business law.

Alternatively, if the contract was binding on all parties don't you think that the management of CLNV would have clearly stated that it was binding in the press release?

Now, based on the press releases (3 announcing the South American plants and 1 announcing the two year sales agency agreement with GGII), only the GGII transaction used the word binding. However, the same press release also stated the Clean Seas must find the project, get the permits and raise the funds so that the project can buy the equipment from GGII. So if Clean Seas cannot find the cash then while the agreement between Clean Seas and GGII is "binding", binding nothing is still nothing.

GGII does have relationships with others wo are also selling and installing systems in Asia and elsewhere.