# What Are the Steps a Company Should Take If It Realizes It May Have Inadvertently Created a Binding Contract through an Rfp? ▴ Question

**Published:** 2025-08-08
**Categories:** Question

---

![A sleek, multi-layered device, possibly a control knob, with cream, navy, and metallic accents, against a dark background. This represents a Prime RFQ interface for Institutional Digital Asset Derivatives](https://options.greeks.live/wp-content/uploads/2025/07/precision-control-interface-for-institutional-digital-asset-derivatives-rfq-protocols-and-prime-os.jpg)

![Sharp, intersecting elements, two light, two teal, on a reflective disc, centered by a precise mechanism. This visualizes institutional liquidity convergence for multi-leg options strategies in digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-block-trade-execution.jpg)

## Concept

The realization that a [Request for Proposal](https://prime.greeks.live/area/request-for-proposal/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) (RFP) may have inadvertently created a [binding contract](https://prime.greeks.live/area/binding-contract/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) introduces a significant legal and operational challenge for any company. This situation typically arises when the language used in the RFP is interpreted as a formal offer, which, upon submission of a compliant proposal by a vendor, is deemed accepted. This forms what is known in legal terms as “Contract A”. The subsequent, more detailed agreement for the actual work is referred to as “Contract B”.

The legal precedent for this framework was largely established in the Canadian Supreme Court case of [R. v. Ron Engineering](https://prime.greeks.live/area/r-v-ron-engineering/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) & Construction (Eastern) Ltd. This case highlighted that the issuance of a tender or RFP could, in itself, be a contract (Contract A) that is accepted by a bidder upon submission of their proposal.

This means both parties are legally bound by the terms outlined in the RFP and must proceed in good faith. The implication is that a company may be legally obligated to award the contract (Contract B) to a compliant bidder, even if there are reservations or a change in circumstances.

> A poorly constructed RFP can unintentionally create a legally binding agreement, exposing a company to significant legal and financial risks.

The primary issue lies in the language and structure of the RFP document. If an RFP is highly specific, outlines clear and non-negotiable terms, and details a rigid evaluation process, it is more likely to be viewed as a formal offer rather than a mere invitation to negotiate. This can lead to disputes if the issuing company decides not to award the contract or wishes to alter the terms after proposals have been submitted. The financial and reputational consequences of such a situation can be severe, potentially leading to legal challenges from bidders who have invested significant time and resources in their proposals.

![The image depicts two intersecting structural beams, symbolizing a robust Prime RFQ framework for institutional digital asset derivatives. These elements represent interconnected liquidity pools and execution pathways, crucial for high-fidelity execution and atomic settlement within market microstructure](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-cross-market-execution-architecture-for-digital-assets.jpg)

![A sleek, institutional-grade device, with a glowing indicator, represents a Prime RFQ terminal. Its angled posture signifies focused RFQ inquiry for Digital Asset Derivatives, enabling high-fidelity execution and precise price discovery within complex market microstructure, optimizing latent liquidity](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-execution-terminal-facilitating-high-fidelity-price-discovery-and-optimal-liquidity-aggregation.jpg)

## Strategy

Upon suspecting that an RFP has created a binding contract, a company must adopt a swift and strategic approach to mitigate potential damages. The immediate priority is to control the flow of information and seek expert legal guidance. This is a critical phase where any misstep can exacerbate the situation.

![A polished, abstract metallic and glass mechanism, resembling a sophisticated RFQ engine, depicts intricate market microstructure. Its central hub and radiating elements symbolize liquidity aggregation for digital asset derivatives, enabling high-fidelity execution and price discovery via algorithmic trading within a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-prime-os-rfq-engine.jpg)

## Immediate Steps and Strategic Considerations

The following table outlines the immediate strategic actions a company should take:

### Strategic Response to a Potentially Binding RFP

| Action | Rationale | Key Considerations |
| --- | --- | --- |

![A symmetrical, angular mechanism with illuminated internal components against a dark background, abstractly representing a high-fidelity execution engine for institutional digital asset derivatives. This visualizes the market microstructure and algorithmic trading precision essential for RFQ protocols, multi-leg spread strategies, and atomic settlement within a Principal OS framework, ensuring capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/precision-execution-engine-for-institutional-digital-asset-derivatives-rfq.jpg)

## Assessing the Situation and Exploring Remedies

Once [legal counsel](https://prime.greeks.live/question/what-are-the-legal-and-operational-frameworks-for-cross-jurisdictional-collateral-pledging-in-asia/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) has been engaged, the next step is to conduct a thorough assessment of the situation and explore potential remedies. This involves a detailed analysis of the RFP document, the submitted proposals, and any correspondence with bidders. The goal is to determine the strength of any potential legal claim and to identify the best course of action.

> A carefully managed response, guided by legal expertise, is essential to navigate the complexities of an unintentionally binding RFP.

The following list outlines potential remedies that may be available, depending on the specifics of the situation:

- **Negotiation** ▴ It may be possible to negotiate a resolution with the affected bidder(s). This could involve clarifying the terms of the RFP, amending the proposed contract, or offering some form of compensation for the bidder’s time and effort.

- **Clarification** ▴ If the language in the RFP is ambiguous, it may be possible to issue a clarification to all bidders. However, this must be done carefully to avoid making the situation worse.

- **Termination and Re-Issue** ▴ In some cases, the best option may be to terminate the current [RFP process](https://prime.greeks.live/area/rfp-process/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) and issue a new, [non-binding RFP](https://prime.greeks.live/area/non-binding-rfp/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). This should only be done after careful consideration of the potential legal and reputational consequences.

![A gleaming, translucent sphere with intricate internal mechanisms, flanked by precision metallic probes, symbolizes a sophisticated Principal's RFQ engine. This represents the atomic settlement of multi-leg spread strategies, enabling high-fidelity execution and robust price discovery within institutional digital asset derivatives markets, minimizing latency and slippage for optimal alpha generation and capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/inst-digital-asset-deriv-rfq-os-for-optimal-high-fidelity-trade-exec.jpg)

![A precision-engineered control mechanism, featuring a ribbed dial and prominent green indicator, signifies Institutional Grade Digital Asset Derivatives RFQ Protocol optimization. This represents High-Fidelity Execution, Price Discovery, and Volatility Surface calibration for Algorithmic Trading](https://options.greeks.live/wp-content/uploads/2025/07/principal-operational-framework-precision-calibration-for-institutional-digital-asset-derivatives-rfq-protocol-high-fidelity-execution-prime-os-and-volatility-surface-optimization.jpg)

## Execution

The execution phase focuses on the practical steps to prevent the unintentional creation of a binding contract through an RFP. This requires a proactive and meticulous approach to drafting and managing the RFP process. By implementing clear guidelines and best practices, a company can significantly reduce its legal exposure.

![Teal capsule represents a private quotation for multi-leg spreads within a Prime RFQ, enabling high-fidelity institutional digital asset derivatives execution. Dark spheres symbolize aggregated inquiry from liquidity pools](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-prime-os-high-fidelity-execution.jpg)

## Drafting a Non-Binding RFP

The most effective way to avoid creating a binding contract is to ensure that the RFP is drafted in a way that makes it clear it is not a formal offer. The following table provides a comparison of language that could be construed as binding versus language that is clearly non-binding:

### Binding vs. Non-Binding RFP Language

| Binding Language (To Avoid) | Non-Binding Language (Recommended) |
| --- | --- |

![A symmetrical, multi-faceted digital structure, a liquidity aggregation engine, showcases translucent teal and grey panels. This visualizes diverse RFQ channels and market segments, enabling high-fidelity execution for institutional digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/precision-liquidity-aggregation-engine-for-digital-asset-derivatives-trading.jpg)

## Key Clauses to Include in an RFP

In addition to using non-binding language, there are several key clauses that should be included in every RFP to protect the issuing company. These clauses should be drafted by legal counsel to ensure they are enforceable in the relevant jurisdiction.

- **No Contract Clause** ▴ This clause explicitly states that the RFP is not an offer and that no contract will be formed until a formal written agreement is executed by both parties.

- **[Exclusion of Liability Clause](https://prime.greeks.live/area/exclusion-of-liability-clause/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite)** ▴ This clause limits the company’s liability for any costs incurred by bidders in preparing their proposals.

- **Right to Reject Clause** ▴ This clause gives the company the right to reject any or all proposals for any reason.

- **Right to Negotiate Clause** ▴ This clause reserves the company’s right to negotiate with one or more bidders before awarding a contract.

> Proactive legal review and the inclusion of specific non-binding clauses are fundamental to a sound RFP process.

![Sleek, modular infrastructure for institutional digital asset derivatives trading. Its intersecting elements symbolize integrated RFQ protocols, facilitating high-fidelity execution and precise price discovery across complex multi-leg spreads](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-system-optimizing-high-fidelity-block-trade-liquidity-and-multi-leg-spread-precision.jpg)

## The RFP Process and Best Practices

Beyond the language of the RFP itself, the overall process should be managed in a way that reinforces the non-binding nature of the request. This includes:

- **Legal Review** ▴ All RFPs should be reviewed by legal counsel before they are issued.

- **Training** ▴ All team members involved in the procurement process should be trained on the legal implications of RFPs.

- **Consistency** ▴ The company should have a standard, legally vetted RFP template that is used for all procurement activities.

By implementing these best practices, a company can create a procurement process that is both effective and legally sound, minimizing the risk of inadvertently creating a binding contract.

![A stylized depiction of institutional-grade digital asset derivatives RFQ execution. A central glowing liquidity pool for price discovery is precisely pierced by an algorithmic trading path, symbolizing high-fidelity execution and slippage minimization within market microstructure via a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-high-fidelity-execution-1.jpg)

## References

- Groulx, Karen, and Amer Pasalic. “Understanding the nuts and bolts of requests for proposals (RFPs).” Dentons, 28 May 2013.

- “The Legal Implications of Issuing an RFP.” Win Without Pitching.

- “Procurement Legal Basics ▴ Duty of Good Faith in RFPs vs. Tenders.” Alexander Holburn Beaudin + Lang LLP, 11 Oct. 2016.

- “Is An RFP Legally Binding And Why Is It Important?” oboloo, 20 Mar. 2023.

- “Reputational and legal risks of running an RFI/RFQ/RFP.” ProcurementFlow.

![A detailed view of an institutional-grade Digital Asset Derivatives trading interface, featuring a central liquidity pool visualization through a clear, tinted disc. Subtle market microstructure elements are visible, suggesting real-time price discovery and order book dynamics](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-rfq-execution-system-microstructure-display.jpg)

## Reflection

The potential for a Request for Proposal to unintentionally form a binding contract underscores the critical importance of precision and legal foresight in the procurement process. A company’s operational framework must be robust enough to prevent such situations, integrating legal review as a standard, non-negotiable step. The knowledge gained from understanding the nuances of RFP language and legal precedents should be viewed as a vital component of a larger system of institutional intelligence. This system, when properly implemented, not only mitigates risk but also empowers a company to engage with vendors from a position of strength and clarity, ultimately leading to more successful and legally sound partnerships.

![Four sleek, rounded, modular components stack, symbolizing a multi-layered institutional digital asset derivatives trading system. Each unit represents a critical Prime RFQ layer, facilitating high-fidelity execution, aggregated inquiry, and sophisticated market microstructure for optimal price discovery via RFQ protocols](https://options.greeks.live/wp-content/uploads/2025/07/modular-institutional-crypto-derivatives-trading-system-components.jpg)

## Glossary

<a href="https://prime.greeks.live/area/request-for-proposal/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A dynamically balanced stack of multiple, distinct digital devices, signifying layered RFQ protocols and diverse liquidity pools. Each unit represents a unique private quotation within an aggregated inquiry system, facilitating price discovery and high-fidelity execution for institutional-grade digital asset derivatives via an advanced Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/dynamic-rfq-protocol-stacks-powering-institutional-digital-asset-derivatives-liquidity-aggregation-and-best-execution.jpg)

## Request for Proposal

Meaning ▴ A Request for Proposal, or RFP, constitutes a formal, structured solicitation document issued by an institutional entity seeking specific services, products, or solutions from prospective vendors. </a><a href="https://prime.greeks.live/area/binding-contract/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A digitally rendered, split toroidal structure reveals intricate internal circuitry and swirling data flows, representing the intelligence layer of a Prime RFQ. This visualizes dynamic RFQ protocols, algorithmic execution, and real-time market microstructure analysis for institutional digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-core-processing-architecture-visualized-through-interconnected-liquidity-networks.jpg)

## Binding Contract

Meaning ▴ A binding contract constitutes a legally enforceable agreement establishing a deterministic obligation between two or more parties. </a><a href="https://prime.greeks.live/area/r-v-ron-engineering/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Abstract geometric forms portray a dark circular digital asset derivative or liquidity pool on a light plane. Sharp lines and a teal surface with a triangular shadow symbolize market microstructure, RFQ protocol execution, and algorithmic trading precision for institutional grade block trades and high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-block-execution-microstructure.jpg)

## R. V. Ron Engineering

Meaning ▴ The R. </a><a href="https://prime.greeks.live/question/what-are-the-legal-and-operational-frameworks-for-cross-jurisdictional-collateral-pledging-in-asia/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sophisticated, layered circular interface with intersecting pointers symbolizes institutional digital asset derivatives trading. It represents the intricate market microstructure, real-time price discovery via RFQ protocols, and high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-institutional-digital-asset-derivatives-rfq-market-microstructure.jpg)

## Legal Counsel

Cross-jurisdictional collateral frameworks are the protocols for mobilizing capital across Asia's fragmented legal and operational systems. </a><a href="https://prime.greeks.live/area/non-binding-rfp/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sophisticated apparatus, potentially a price discovery or volatility surface calibration tool. A blue needle with sphere and clamp symbolizes high-fidelity execution pathways and RFQ protocol integration within a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-rfq-protocol-institutional-digital-asset-derivatives-execution.jpg)

## Non-Binding Rfp

Meaning ▴ A Non-Binding Request for Proposal (RFP) is a formal mechanism for institutions to solicit indicative pricing and liquidity from diverse providers for specific digital asset derivatives. </a><a href="https://prime.greeks.live/area/rfp-process/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A complex, multi-layered electronic component with a central connector and fine metallic probes. This represents a critical Prime RFQ module for institutional digital asset derivatives trading, enabling high-fidelity execution of RFQ protocols, price discovery, and atomic settlement for multi-leg spreads with minimal latency](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-rfq-engine-driving-best-execution-and-liquidity.jpg)

## Rfp Process

Meaning ▴ The Request for Proposal (RFP) Process defines a formal, structured procurement methodology employed by institutional Principals to solicit detailed proposals from potential vendors for complex technological solutions or specialized services, particularly within the domain of institutional digital asset derivatives infrastructure and trading systems. </a><a href="https://prime.greeks.live/area/exclusion-of-liability-clause/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sophisticated metallic mechanism with integrated translucent teal pathways on a dark background. This abstract visualizes the intricate market microstructure of an institutional digital asset derivatives platform, specifically the RFQ engine facilitating private quotation and block trade execution](https://options.greeks.live/wp-content/uploads/2025/07/systemic-framework-for-institutional-digital-asset-derivatives-rfq-price-discovery-and-atomic-settlement.jpg)

## Exclusion of Liability Clause

Meaning ▴ An Exclusion of Liability Clause is a precisely engineered contractual provision designed to limit or entirely absolve one party from specific categories of liability for loss, damage, or breach arising from the agreed-upon terms. </a>

**Tags:** [Binding Contract](https://options.greeks.live/area/binding-contract/), [Procurement Law](https://options.greeks.live/area/procurement-law/), [R. V. Ron Engineering](https://options.greeks.live/area/r-v-ron-engineering/), [Non-Binding RFP](https://options.greeks.live/area/non-binding-rfp/), [RFP Process](https://options.greeks.live/area/rfp-process/), [RFP Legal Issues](https://options.greeks.live/area/rfp-legal-issues/)	

## Discover More

- 
### [What Are the Key Indicators That a Non-Binding Rfp Might Be Legally Binding?](https://options.greeks.live/question/what-are-the-key-indicators-that-a-non-binding-rfp-might-be-legally-binding/)
![Abstract translucent geometric forms, a central sphere, and intersecting prisms on black. This symbolizes the intricate market microstructure of institutional digital asset derivatives, depicting RFQ protocols for high-fidelity execution. It conveys multi-leg spread strategies, latent liquidity, and Prime RFQ intelligence layer optimizing price discovery.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-architecture.jpg)

An RFP's legal status is defined by its process architecture, where formal elements can create binding duties of fairness, overriding any 'non-binding' label.

- 
### [What Are the Key Legal Differences between a Binding and Non-Binding Rfp?](https://options.greeks.live/question/what-are-the-key-legal-differences-between-a-binding-and-non-binding-rfp/)
![A central core represents a Prime RFQ engine, facilitating high-fidelity execution. Transparent, layered structures denote aggregated liquidity pools and multi-leg spread strategies. Internal patterns symbolize market microstructure data streams, enabling algorithmic pricing and optimal price discovery for institutional digital asset derivatives.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-rfq-engine-for-institutional-digital-asset-derivatives-execution.jpg)

A binding RFP creates a formal process contract upon submission; a non-binding RFP is a flexible invitation to negotiate.

- 
### [What Are the Core Differences between a Binding Rfp and a Non-Binding Rfp?](https://options.greeks.live/question/what-are-the-core-differences-between-a-binding-rfp-and-a-non-binding-rfp/)
![A central glowing blue mechanism with a precision reticle is encased by dark metallic panels. This symbolizes an institutional-grade Principal's operational framework for high-fidelity execution of digital asset derivatives. It embodies RFQ processing, enabling price discovery within a deep liquidity pool, optimizing market microstructure.](https://options.greeks.live/wp-content/uploads/2025/07/precision-core-enabling-institutional-digital-asset-derivatives-rfq-execution.jpg)

A binding RFP creates an enforceable process contract upon submission, while a non-binding RFP initiates a flexible negotiation.

- 
### [Can an Rfp Issuer Be Sued Even If a Privilege Clause Is Included?](https://options.greeks.live/question/can-an-rfp-issuer-be-sued-even-if-a-privilege-clause-is-included/)
![A luminous teal bar traverses a dark, textured metallic surface with scattered water droplets. This represents the precise, high-fidelity execution of an institutional block trade via a Prime RFQ, illustrating real-time price discovery. The droplets symbolize dynamic market microstructure and managed latent liquidity, crucial for optimal capital efficiency in digital asset derivatives RFQ protocols.](https://options.greeks.live/wp-content/uploads/2025/07/high-fidelity-real-time-institutional-digital-asset-rfq-execution-stream-visualizing-prime-os-liquidity-flow.jpg)

An RFP issuer can be sued, as a privilege clause provides discretion within a binding procedural contract but does not override the issuer's fundamental duty of fairness.

- 
### [How Does a Privilege Clause in a Non-Binding Rfp Protect the Issuing Organization?](https://options.greeks.live/question/how-does-a-privilege-clause-in-a-non-binding-rfp-protect-the-issuing-organization/)
![A precise lens-like module, symbolizing high-fidelity execution and market microstructure insight, rests on a sharp blade, representing optimal smart order routing. Curved surfaces depict distinct liquidity pools within an institutional-grade Prime RFQ, enabling efficient RFQ for digital asset derivatives.](https://options.greeks.live/wp-content/uploads/2025/07/high-fidelity-digital-asset-derivatives-execution-via-rfq-protocols.jpg)

A privilege clause in a non-binding RFP is a legal shield preserving the issuer's ultimate decision-making authority and mitigating risk.

- 
### [How Can an Exclusion of Liability Clause in an Rfp Protect a Company?](https://options.greeks.live/question/how-can-an-exclusion-of-liability-clause-in-an-rfp-protect-a-company/)
![A precisely engineered system features layered grey and beige plates, representing distinct liquidity pools or market segments, connected by a central dark blue RFQ protocol hub. Transparent teal bars, symbolizing multi-leg options spreads or algorithmic trading pathways, intersect through this core, facilitating price discovery and high-fidelity execution of digital asset derivatives via an institutional-grade Prime RFQ.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-engine-facilitating-high-fidelity-multi-leg-options-spread-execution-best-price-discovery-and-latent-liquidity-access-for-prime-brokerage.jpg)

An exclusion of liability clause protects a company by pre-emptively defining and allocating specific financial and operational risks within an RFP process.

- 
### [How Can an Organization Unintentionally Create an Implied Contract through an Rfp?](https://options.greeks.live/question/how-can-an-organization-unintentionally-create-an-implied-contract-through-an-rfp/)
![A sleek, high-fidelity beige device with reflective black elements and a control point, set against a dynamic green-to-blue gradient sphere. This abstract representation symbolizes institutional-grade RFQ protocols for digital asset derivatives, ensuring high-fidelity execution and price discovery within market microstructure, powered by an intelligence layer for alpha generation and capital efficiency.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-institutional-digital-asset-derivatives-rfq-execution-terminal-system.jpg)

An organization creates an implied contract via an RFP through promissory language and conduct that establishes a binding duty of fair dealing.

- 
### [What Are the Legal Implications of an Ambiguous Rfp for Both the Issuer and the Vendor?](https://options.greeks.live/question/what-are-the-legal-implications-of-an-ambiguous-rfp-for-both-the-issuer-and-the-vendor/)
![Symmetrical, institutional-grade Prime RFQ component for digital asset derivatives. Metallic segments signify interconnected liquidity pools and precise price discovery. A central intelligence layer drives high-fidelity execution via RFQ protocols, optimizing multi-leg spread transactions.](https://options.greeks.live/wp-content/uploads/2025/07/principals-prime-os-for-digital-asset-derivatives-rfq-execution.jpg)

An ambiguous RFP creates a dual-sided legal risk, exposing the issuer to bid protests and the vendor to wasted costs and non-compliance.

- 
### [Can a Non-Binding Rfp Still Create Legal Obligations for the Party Issuing It?](https://options.greeks.live/question/can-a-non-binding-rfp-still-create-legal-obligations-for-the-party-issuing-it/)
![A precise, multi-faceted geometric structure represents institutional digital asset derivatives RFQ protocols. Its sharp angles denote high-fidelity execution and price discovery for multi-leg spread strategies, symbolizing capital efficiency and atomic settlement within a Prime RFQ.](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-execution-microstructure-framework.jpg)

A non-binding RFP can create legal duties through the issuer's conduct, which may establish an implied process contract or a duty of fairness.

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---

**Original URL:** https://options.greeks.live/question/what-are-the-steps-a-company-should-take-if-it-realizes-it-may-have-inadvertently-created-a-binding-contract-through-an-rfp/
