With letters of intent, it is critical that you understand whether the agreed terms are immediately binding or if there will be no binding agreement until all terms are nailed down.

对于协议意向书，至为关键的是，你需要搞清楚，协议条款是立即生效，还是说在最后条款最终确定之前并不存在任何具备约束力的协议。

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This Agreement constitutes a legal, valid and binding obligation of the Vendor enforceable in accordance with its terms.

本协议构成卖方的合法、有效及具约束力的义务，可按其条款强制执行。

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Each Utilisation of the Loan shall constitute a legal, valid and binding obligation of the Borrower, repayable in accordance with the terms of this Agreement.

各贷款提款均构成借款人的合法、有效及有约束力的义务，且均必须按照本协议之条款进行偿还。

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And I think the President is going to spend his time focusing on what we can get out of Copenhagen in terms of a binding political agreement moving forward.

WHITEHOUSE: Press Briefing