Grillit Inc (GRLT)

[cautiousoptimism]

Would think when someone knows it all these facts would be known to them.. butt, guess sometimes those who claim to be all knowing are just blowing smoke most of the time.. .. hard to tell sometimes who knows what, when they know it, how they know it.. .. or if they really know at all.. .. just never really know.. .. butt, I found the information contained in the link to be helpful.

Can a Term Sheet be Legally Binding?
I found the [link] to be very informative.

Quote:
How Can a Term Sheet be Legally Binding?
Although a term sheet is not generally considered to be legally binding, there are certain conditions in the term sheet that may be legally binding once signed. An investor may choose to use binding terms for the duration of time once the term sheet is signed.

Some examples of binding terms in a terms sheet may be related to:

Exclusivity
Confidentiality
Closing costs
Negotiation terms
Use of binding language

https://westchesterangels.com/can-a-term-sheet-be-legally-binding/