Non Binding Transactions - What's the Difference?

The main difference is the extent to which youre the action can be enforced a irrespective, or largely irrespective, of circumstances. A typical example of a non binding transaction might be that a private equity firm says they're going to make an indicative, non binding approach. So once it's a binding, and er, you know whether it's a greet offer or not, a once it's binding, you have a lot less out if you're the biter. If your funding falls over and you haven't made it conditional an funding, then too bad. You need to find a way to proceed with that transaction.