In this arbitration, for example, the FINRA Arbitration Decision fails to satisfactorily inform us as to whether Respondent Sillman had a written, executed employment agreement with Claimant Merrill Lynch, and further fails to clarify whether he was subject to a non-solicitation clause.
Of course, nothing in this letter is intended to create a legally binding obligation and no such obligation will exist unless and until a definitive transaction agreement is executed.
"The NBA received an executed Purchase and Sale Agreement for the transfer of a controlling interest in the Sacramento Kings from the Maloof family to an investor group led by Christopher Hansen, " the league said.