Business

Memorandum of Understanding (MOU) Template

A non-binding document outlining the intentions and roles of two parties before a formal agreement.

What this template includes

✓Parties and purpose
✓Roles, responsibilities, and contributions
✓Timeline and next steps
✓Non-binding nature and confidentiality
✓Signatures

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Memorandum of Understanding (MOU) Template

MEMORANDUM OF UNDERSTANDING

This Memorandum of Understanding (the "MOU") is made on [DATE] between:

Party A: [PARTY A NAME], located at [ADDRESS]; and

Party B: [PARTY B NAME], located at [ADDRESS].

1. PURPOSE
The parties wish to record their mutual understanding and intentions regarding:
[DESCRIBE THE PURPOSE / PROJECT / COLLABORATION]

2. ROLES AND RESPONSIBILITIES
Party A will: [DESCRIBE RESPONSIBILITIES]
Party B will: [DESCRIBE RESPONSIBILITIES]

3. CONTRIBUTIONS
Each party will contribute the following resources toward the purpose:
Party A: [DESCRIBE, e.g. funding, staff, materials]
Party B: [DESCRIBE]

4. TIMELINE AND NEXT STEPS
This MOU takes effect on [START DATE] and remains in effect until [END DATE] or until replaced by a formal agreement. The parties intend to take the following next steps: [DESCRIBE, e.g. negotiate a definitive agreement by DATE].

5. NON-BINDING
This MOU records the parties' intentions and is NOT legally binding and creates no enforceable obligations, except for Sections 6 (Confidentiality) and 7 (Costs) and the governing-law provision, which are binding. A separate written agreement is required to create binding commitments.

6. CONFIDENTIALITY
Each party will keep confidential any non-public information shared under this MOU and use it only for the purpose above.

7. COSTS
Unless agreed otherwise in writing, each party bears its own costs relating to this MOU and any related discussions.

8. GENERAL PROVISIONS
(a) Governing Law. This MOU is governed by the laws of [STATE/COUNTRY].
(b) Entire Agreement. This Agreement is the complete agreement between the parties and replaces any prior discussions, understandings, or agreements on this subject.
(c) Amendments. Any change to this Agreement must be in writing and signed by both parties.
(d) Severability. If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions will remain in full effect.
(e) Waiver. If a party does not enforce a provision, it does not give up its right to enforce that or any other provision later.
(f) Assignment. Neither party may assign or transfer this Agreement without the other party's prior written consent.
(g) Notices. Any notice under this Agreement must be given in writing (email is acceptable) to the other party.

IN WITNESS WHEREOF, the parties have signed this MOU.

Party A
Date: ____________
Name: [PARTY A NAME]
Signature: ______________________

Party B
Date: ____________
Name: [PARTY B NAME]
Signature: ______________________

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Disclaimer: This template is provided for general informational purposes only and is not legal advice. Laws vary by location. For important agreements, consider having a qualified lawyer review your contract before signing.

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