There is just an agreement to pursue increased scheduling of games between the conferences, akin to a non-binding letter of intent in a business joint venture.
In May 1993, according to Quintana, they signed a detailed letter of intent to form a 50-50 joint venture with a company called Merkury, a Russian satellite operator licensed by the Russian government to make certain satellites available for commercial use.
In exchange, the Chinese oil firm signed a letter of intent with BP Amoco calling for the establishment of a gas-marketing joint venture in eastern China.