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Memorandum of Understanding

Serves as a preliminary legal document to set out responsibilities of parties wishing to enter a specific business arrangement

High Level Description

Legal document used to outline and govern an agreement or understanding between two parties. The MoU serves as the preliminary document to define intentions and deliverables of the parties involved

Key Areas of Coverage

Business Collaboration

MoU

Terms and Conditions of Engagement

When to use Template

Use when two organizations, individuals, or entities wish to collaborate on a project or enter into a joint business arrangement

Additional Information

Structured to reflect scope of work, responsibilities, deliverables, IP protection obligations of each party

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