Business
Memorandum of Understanding (MOU)
Used 547 times
The Memorandum of Understanding (MOU) template is a document that is used to establish a formal agreement between two or more parties who wish to enter into a joint collaboration. It outlines the purpose and scope of the collaboration, the responsibilities of each party, confidentiality requirements, the term of the collaboration, and other key terms of the agreement. The MOU is signed by representatives of each party and serves as a legal contract between them.
Use Template
This Memorandum of Understanding (hereinafter referred to as the "MOU") is made and entered into on ________________ (insert date) by and between the following parties:
 
Party A: ____________________________ (insert name of party A)
Address: ____________________________ (insert address of party A)
Represented by: ____________________________ (insert name and title of representative of party A)
 
Party B: ____________________________ (insert name of party B)
Address: ____________________________ (insert address of party B)
Represented by: ____________________________ (insert name and title of representative of party B)
 
WHEREAS, Party A and Party B desire to enter into a joint collaboration to ____________________________ (insert purpose of collaboration);
 
NOW, THEREFORE, Party A and Party B hereby agree as follows:
 
1. Purpose of collaboration. The purpose of this collaboration is to ____________________________ (insert purpose of collaboration).
 
2. Scope of collaboration. The scope of this collaboration shall include ____________________________ (insert scope of collaboration).
 
3. Responsibilities of parties. Each party shall be responsible for ____________________________ (insert responsibilities of each party).
 
4. Confidentiality. Any information shared between the parties for the purposes of this collaboration shall be kept confidential and not disclosed to any third party without the prior written consent of the disclosing party.
 
5. Term of collaboration. This collaboration shall commence on the date of this MOU and shall continue until ____________________________ (insert end date of collaboration).
 
6. Termination of collaboration. Either party may terminate this MOU upon ____________________________ (insert notice period for termination).
 
7. Governing law. This MOU shall be governed by and construed in accordance with the laws of ____________________________ (insert governing law).
 
8. Entire agreement. This MOU constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties.
 
9. Amendments. This MOU may not be amended except in writing and signed by both parties.
 
IN WITNESS WHEREOF, the parties have executed this MOU as of the date first above written.
 
Party A: ____________________________ (insert signature of representative of party A)
Name: ____________________________ (insert name of representative of party A)
Title: ____________________________ (insert title of representative of party A)
Date: ____________________________
 
Party B: ____________________________ (insert signature of representative of party B)
Name: ____________________________ (insert name of representative of party B)
Title: ____________________________ (insert title of representative of party B)
Date: ____________________________

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