Non-Binding Agreement

A non-binding agreement is a signed document or understanding between parties that indicates their intentions to collaborate or perform certain actions, but it does not legally require them to follow through. It serves as a way to outline mutual goals or principles without creating enforceable legal obligations. Such agreements are often used in negotiations or preliminary discussions to build trust and clarify commitments, knowing that either party can choose not to proceed without legal consequences. Essentially, they are commitments of intent rather than legal contracts.