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When email threads can become binding agreements

October 9, 2017

Via: CIO
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It is important to be aware of how easy it is to unintentionally create a binding contract when communicating by email.

Email communications are the most common form of business communication. A large and critical portion of almost every business negotiation will also take place via email. Whereas it is common practice when drafting a term sheet to include explicit language stating that the term sheet is non-binding, this qualification is very rarely included in email communications discussing potential agreements

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