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BENEFITS OF DOCUMENT
DESCRIPTION
Companies typically use MOUs to establish partnerships.
MOUs are the first steps towards a legal contract and is non-binding in nature. It states the responsibilities of each party to an agreement before the official contract is drafted.
A template MoU that is used in businesses globally has been provided. It is detailed and covers all the important aspects of an MoU such as:
• The purpose
• Co-operation by the parties and relationship
• Resources to be provided
• Roles and responsibilities of the parties
• Costs
• Commercial arrangements
• Intellectual property rights
• Commencement and termination
• Confidentiality
• Liability
• General
• Anti-corruption
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Source: Memorandum of Understanding (MoU) Word (DOCX) Document, Corporate Finance 101
OVERVIEW
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ABOUT THE AUTHOR
Corporate Finance 101 consists of consultants who have experience helping professionals across disciplines, including strategy consultancies and transaction advisory houses, to aid the quality of the thinking behind their output.
These documents are prepared to help you increase the impact of your business communication and save you valuable time.
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