Memorandum of Understanding
A memorandum that records how two organisations plan to work together, with only a few binding terms. The partner organisation signs first, then your organisation countersigns.
Written for general use, not for one country.
The PDF is free to download. Centilio Sign is free to start.
What it covers
The template has 8 parts.
- Purpose (not binding)
- What each party will do (not binding)
- Costs and resources (not binding)
- Names and logos (binding)
- Confidentiality (binding)
- Intellectual property (binding)
- Term and ending (binding)
- Legal effect (binding)
What you will be asked
Have these details ready. The template needs them before anyone signs.
- What do the two organisations want to achieve together?
- What will your organisation do?
- What will the partner organisation do?
- When should this memorandum end?
Who signs
Everyone the template names, and what each one does.
- Partner organisationSigns
- OrganisationSignsSends it
Where it fits
For a cooperation where most terms are not binding. Use the letter of intent for a proposed deal with a price, and the joint venture agreement when both sides commit to a shared project and share its profit.
Before you rely on it
Original Centilio wording, not legal advice. Check that the binding and non binding parts are separated in the way the governing law expects, and that a public body, university or charity partner can sign without further approvals. Have a lawyer read it before you approve it.
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