It is hereby clearly understood by the signatories that the above mentioned principles
shall have legal value and be binding upon them only if and when signatories hereto agree
to establish a contractual arrangement along said principles and provided that such principles comply
with the provisions of applicable law, including but not limited to competition law. In the event
that the principles above, or even one of them, would not be confirmed in a contract or if the signatories
hereto decide not to conclude any contract at all, none of the signatories shall have the right
to claim damages from any other signatory hereto for direct or indirect losses related thereto.
Moreover, the signatories hereto explicitly and irrevocably agree to waive the right to initiate
any legal action before court or arbitration bodies with regard to the non- or the partial execution
of this Memorandum of Understanding.
In witness whereof, signatories hereto have signed this Memorandum of Understanding in Brussels
on ............. 2003 by their representatives in ... (...) original copies.
The Charter of BIBA
Protection of the members
The BIBA - entity
MoU version 05/02/2003 in pdf