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When can I use a Memorandum of Understanding?
A Memorandum of Understanding is a handy tool for use in the early stages of your commercial arrangements. It outlines the key points you and the other party have agreed upon, ensuring you’re both on the same page from the start.
A Memorandum of Understanding drafted to meet your specific needs
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A Memorandum of Understanding (MOU) is a document that outlines the basic terms of a commercial arrangement. It’s often used as a stepping stone for more detailed documents and to facilitate negotiations.
An MOU ensures that the major aspects of the deal are set out and minimises the risk of a misunderstanding. It’s a good way for parties to agree on the key terms without incurring exorbitant legal fees.
As part of this fixed-fee package, you’ll get a Memorandum of Understanding drafted to meet your specific requirements. You’ll also receive phone consultations with an expert Sprintlaw lawyer and a complimentary amendment to the final draft we provide to you.
As an online law firm, we eliminate the headaches of paying us by the hour and finding time to meet with a lawyer in person. We communicate via phone, email and cloud conferencing — whichever suits you! We know you’re busy, so we’re only a click away.
You’ll be guided through this process by our expert lawyers, who are Australian-qualified and were trained at leading law firms. They left the traditional corporate law sphere to help us make legal services better. Our lawyers specialize in technology, intellectual property, contract drafting, corporate and commercial law.
Our law firm operates completely online, which means we can help you wherever you are in Australia. We work at The Commons Central – a cool co-working space in Chippendale, Sydney – but our lawyers often work flexibly across various locations.