The phrase "non-binding offer" is correct and can be used in written English.
It is typically used in business or legal contexts to describe an offer that does not legally require the parties involved to follow through with the terms of the offer. Example: The company received a non-binding offer from a potential buyer for their business. This means that the offer is not legally binding and the company is not obligated to accept it.
Students who are granted admission under one of these programs will receive a non-binding offer of admission and may accept another school's offer.
The formal offer of 810 pence per share, or about 8.75 billion pounds ($15.4 billion), was essentially just a repeat of its previous non-binding offer of March 17, which BAA flatly rejected.
According to a report in Italian paper La Repubblica RTL, the pan-European broadcaster and parent company of X Factor co-producer FremantleMedia, has submitted a non-binding offer for Endemol.
Zeiler dismissed a report in an Italian newspaper in November which claimed RTL tabled a non-binding offer for Endemol, which has been involved in a protracted restructure to reduce its €2.8bn (£2.33bn) debt.
On Friday it emerged that Time Warner has submitted a non-binding offer for the Deal or No Deal maker, joining Silvio Berlusconi's Mediaset, an Endemol shareholder, which is attempting to make a move with private equity group Clessidra.
The information memorandum issued by Desmond's Northern & Shell on Channel 5, sent out to a wide range of media companies and private equity players putting the case for a £700m Channel 5 price tag, has set a deadline of 27 February for interested parties to submit a letter of intent with an indicative, non-binding offer.
It is understood that BBC Magazines – the BBC Worldwide subsidiary which owns 34 titles including Gardeners' World, Good Food and Bob the Builder – expects "firm but non-binding" offers to be tabled possibly by the end of the month.
Having promised not to spend BA's cash on the bid, Willie Walsh, its chief executive, had no option but to retreat.Meanwhile on December 5th Alitalia, Italy's national airline, hopes to receive non-binding offers for most of the Italian government's 49.9% stake.
On Friday, Italian media reports said Alitalia had received about 10 non-binding offers.
About 18 firms initially interested in a potential purchase were reportedly given access to Alitalia's financial figures, and non-binding offers had to be submitted by the end of last week.
In a statement, Rona said that it was approached by Lowe's on July 8 with a "non binding" offer to pay 14.50 cents a share for the company.
