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Daily Archives: Saturday, September 30, 2017

Posted: September 30, 2017

Term Sheet Not a Binding Contract

On September 26, 2017, the First Department issued a decision in Keitel v. E*TRADE Financial Corp., 2017 NY Slip Op. 06624, holding that the parties’ term sheet was not a binding contract, explaining: The term sheet relied upon by plaintiff states that it “sets forth the general intent of the parties to discuss in good... Read more »