Non-binding contracts can a developer enter into if they have obtained an interim report.
What is contract?
An agreement between two or more people to do something is referred to as a contract. Two or more parties must agree to the terms of the agreement in order to create a legally binding commitment.
The term non-binding contracts are not included the legally obligated. The parties are agree to terms and conditions but, not sign the agreement. Basically are not written contract and not interference to the law. The obtained an interim report to the developer of the non-binding contracts.
As a result, the non-binding contracts are enter into if they have obtained an interim report.
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