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Notwithstanding the professed intention of a party to an MOU, a "preliminary" agreement can have binding effect. This note explores the circumstances under which MOUs may give rise to binding and enforceable agreements. Learning Objective: This note is used in the HBS Elective Curriculum course on Legal Aspects of Management to deepen students' understanding of contract formation and to explore steps that can be taken to manage the risk that preliminary agreements will give rise to binding obligations.
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This detailed history of a beloved Queen City institution is sure to offer something new on Findlay Market for the even the most hardcore local history buff. Located in Over-the-Rhine in the heart of Cincinnati, Findlay Market is Ohio's oldest continually operating market. It opened in 1855 to serve a growing population and quickly became a central neighborhood hub for goods and services. Despite its success, the market experienced dwindling customers and storefront vacancies in the mid- and late twentieth century, reflective of the struggles and decline confronting many cities in those years. Over the last twenty years, market revitalization efforts signal ongoing reinvestment in the city center--a trend transforming many American cities. Gathering personal stories of the merchants of Findlay Market, historian Alyssa McClanahan shines a light on the past to reveal the market's place in local and American urban history.
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Cincinnati Magazine taps into the DNA of the city, exploring shopping, dining, living, and culture and giving readers a ringside seat on the issues shaping the region.
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