Memorandum of Understanding

WHAT’S IT FOR?

A Memorandum of Understanding (MOU) is a document that outlines the basic terms of a commercial arrangement. They often serve as a stepping stone for more detailed documents and are used to facilitate negotiations.

An MOU ensures that the major aspects of the deal are set out and minimises the risk of a misunderstanding. It is often useful for parties to agree key terms without incurring exorbitant legal fees.

WHAT’S INCLUDED?

We’ll draft a Memorandum of Understanding for your business.

This package includes:

• Drafting the Memorandum of Understanding in accordance with your requirements
• Phone consultations (up to 60 minutes) with a Sprintlaw lawyer who will take your instructions, advise you on the legal issues you need to know and answer your questions about the document
• 1 x complimentary amendment to the final draft we provide you, as long as you request the amendment within 10 business days of us delivering the final draft