MOU Draft

Capture commercial intent, roles and timelines in a clear MOU.

Professional fee

₹1,999

2–3 working days

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EDrafted

MEMORANDUM OF UNDERSTANDING

This Memorandum of Understanding ("MOU") is entered into at ____________ on this ______ day of __________, 20____ between ____________ ("First Party") and ____________________ ("Second Party").

NOW THIS DOCUMENT WITNESSES AS UNDER:

That the purpose of this MOU is to record the understanding of the parties in respect of ____________________.
That the scope of the proposed arrangement shall include ____________________.
That the roles and responsibilities of each party shall be as set out in Annexure A.
That the commercial terms, if any, shall be Rs. ____________ payable as ____________________.
That each party shall keep confidential all information shared under this MOU.
That this MOU is a statement of intent and shall remain valid until ______________ unless superseded by a definitive agreement.

IN WITNESS WHEREOF the parties have signed this MOU on the date first above written.

First Party
(Signature)

Second Party
(Signature)

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Scope and obligations
Commercial terms
Confidentiality clauses
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