I'll just say this. I've worked on corporate acquisitions and reviewed documents for 25 years. There's a difference between a "letter of intent" and a full-blown acquisition agreement. You sign the letter of intent to be able to do your due diligence and get a look at the financials. I've seen plenty of acquisitions fall apart in the due diligence phase.
Clearly, this is a different situation. But if the F$U collective document is not exclusive and binding EVEN IF THE KID ENROLLS ELSEWHERE, then it's not worth the paper it's written on. I haven't seen it. I have no idea.
But it is possible...POSSIBLE...that Mims is taking his "F$U receipts" over to UM to be "price-matched". ****, I'd love to see John Ruiz DOUBLE what F$U offered, just to see if Mims ****es himself, just a little.