Legal Question in Business Law in New York

That can't be answered without reading the memo and understanding what has changed.

Whether a deal memo / term sheet are binding or not depends on the language of the memo. Though generally, most term sheets and deal memo's are not binding, nonetheless your agreement needs to be reviewed to determine its applicability.

If the actual deal documents materially change the memo terms then one needs to raise this inconsistency with the other side immediately.

If you have any further questions feel free to contact my office at your earliest convenience.

Roman R. Fichman, Esq.

www.TheLegalist.com │ @TheLegalist

email: Info (@) TheLegalist (dot) com

t e l : 2 1 2 -- 3 3 7 -- 9 8 3 7

Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.