DFW HOYA
Platinum Hoya (over 5000 posts)
Posts: 5,701
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Post by DFW HOYA on Aug 23, 2020 12:28:18 GMT -5
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hoyarooter
Blue & Gray (over 10,000 posts)
Posts: 10,137
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Post by hoyarooter on Aug 24, 2020 19:12:16 GMT -5
This was indeed very entertaining. It gave me the best laugh I've had today. Term sheets (or letters of intent) typically contain language stating that but for a couple clauses, such as the confidentiality requirement, the agreement is non-binding. UA didn't even raise that, probably because they know they are estopped (precluded) from making that claim due to course of conduct. Let's hear that old Cal Bear fight song (same as UCLA's). Go Bears!
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