the terms included in a memorandum of understanding are usually only a reference point and not legally binding on either party except for the following terms:

I M&A completion period

II exclusive negotiation period

III pricig method

IV due diligence scope

V terms of payment which of these are binding on both parties?

a. IV ONLY

b. II AND IV only

c. II only

d. none of the above

e.. I and II only