To make clear all the points that may need to be covered so that each party has a better understanding of the potential transaction or merger. To make a declaration that two or more parties are in current negotiations such as in joint venture or even a merger.
The NLI is binding with the institution, not the coach _ If the coach leaves the institution (voluntarily or not) the provisions of the NLI remain in effect. The NLI does NOT guarantee a spot on the team _ The NLI only guarantees that athletic aid will be awarded for one academic year. All decisions on rosters and playing time are rendered by the coaching staff at the institution.