Law Firm Memorandum of Understanding (MOU)
Law Firm Memorandum of Understanding (MOU)
Between
[Your Company Name], located at [Your Company Address]
AND
[Partner Company Name], located at [Partner Company Address]
1. Purpose
This Memorandum of Understanding (hereinafter referred to as "MOU") is entered into by and between [Your Company Name] (hereinafter referred to as "The Firm") and [Partner Company Name] (hereinafter referred to as "The Partner") for the purpose of outlining the mutual understanding and agreement concerning the establishment of a professional relationship and the provision of legal services under US law.
2. Scope of Legal Services
The Firm agrees to provide legal services to The Partner, including but not limited to:
-
Advising on corporate, commercial, and regulatory legal matters;
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Drafting and reviewing contracts, agreements, and other legal documents;
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Representing The Partner in negotiations and dispute resolution processes;
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Providing general counsel on compliance with federal, state, and local laws applicable to The Partner's operations;
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Litigation services, if requested and agreed upon.
The specific terms of each service to be provided shall be agreed upon in subsequent written agreements, which will be annexed to this MOU as schedules or exhibits.
3. Term and Termination
This MOU shall remain in effect for a period of [0] years from the date of execution, unless earlier terminated by either party. Either party may terminate this MOU by providing [0] days' written notice to the other party.
Termination of this MOU will not affect the rights and obligations of the parties concerning any services already provided or agreed to under separate agreements executed during the term of this MOU.
4. Fees and Payment Terms
The Firm shall provide legal services to The Partner at the rates agreed upon in the annexed fee schedule or subsequent agreements. The Firm will invoice The Partner for services rendered, and The Partner agrees to pay all invoices within [0] days of receipt. Any late payments may be subject to interest as stipulated under US law.
5. Confidentiality
Both parties acknowledge that, during the course of this professional relationship, confidential information may be disclosed. The parties agree to keep all such information confidential and not to disclose it to any third party without prior written consent, except as required by law.
6. Intellectual Property
All legal documents, opinions, and other work products generated by The Firm for The Partner remain the property of The Firm until all fees for services rendered have been paid in full. Upon full payment, all intellectual property rights in those work products will be transferred to The Partner.
7. Limitation of Liability
The Firm's liability under this MOU or related agreements shall not exceed the amount of fees paid by The Partner for the services from which the claim arises, except as required by applicable law.
8. Dispute Resolution
In the event of any dispute arising from this MOU or any related agreements, the parties agree to attempt in good faith to resolve the dispute through mediation before pursuing litigation. If mediation is unsuccessful, either party may initiate litigation in a court of competent jurisdiction within [State].
9. Governing Law
This MOU shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflicts of laws principles.
10. Amendments
This MOU may be amended only by a written agreement signed by both parties.
11. Entire Understanding
This MOU constitutes the entire understanding between The Firm and The Partner regarding the subject matter herein and supersedes any prior discussions, agreements, or understandings, whether written or oral, between the parties.
Executed on this [Month Day, Year]
[Law Firm Name]
[Your Name]
[Title]
[Partner Company Name]
[Full Name]
[Title]
