Free Memorandum of Understanding Format Template
Memorandum of Understanding Format
I. Purpose
The purpose of this Memorandum of Understanding (MOU) is to set forth the terms and conditions of the partnership between [YOUR COMPANY NAME] and [PARTNER ORGANIZATION NAME]. This MOU outlines the responsibilities and obligations of each party in relation to the agreed-upon objectives.
II. Background
[YOUR COMPANY NAME] and [PARTNER ORGANIZATION NAME] have agreed to work together to [SPECIFY OBJECTIVE OR GOAL OF THE PARTNERSHIP].
III. Scope of Work
The parties agree to the following scope of work:
-
[DESCRIBE TASK OR ACTIVITY 1]
-
[DESCRIBE TASK OR ACTIVITY 2]
-
[DESCRIBE TASK OR ACTIVITY 3]
IV. Roles and Responsibilities
-
[YOUR COMPANY NAME] will be responsible for [SPECIFY DUTIES/RESPONSIBILITIES].
-
[PARTNER ORGANIZATION NAME] will be responsible for [SPECIFY DUTIES/RESPONSIBILITIES].
Both parties will collaborate and cooperate to achieve the mutual goals stated in the MOU.
V. Duration
This MOU will be effective from [START DATE] until [END DATE], unless terminated earlier by mutual written consent of both parties.
VI. Financial Considerations
Any financial arrangements related to the activities outlined in this MOU will be agreed upon separately and documented in additional agreements if applicable.
VII. Confidentiality
Both parties agree to maintain confidentiality regarding any sensitive or proprietary information exchanged during the course of this partnership. Information shall not be disclosed to any third party without prior written consent from the other party.
VIII. Dispute Resolution
In the event of a dispute arising from this MOU, both parties will attempt to resolve the matter through [SPECIFY MEDIATION OR ARBITRATION] before resorting to any legal action.
IX. Termination
Either party may terminate this MOU with [NUMBER OF DAYS] days written notice. Upon termination, both parties will ensure that all responsibilities are fulfilled up to the point of termination.
X. Miscellaneous
-
[YOUR COMPANY NAME] and [PARTNER ORGANIZATION NAME] agree to comply with all applicable laws and regulations during the term of this MOU.
-
Any amendments to this MOU must be in writing and signed by both parties.
-
This MOU is not intended to create a legally binding agreement but serves as a statement of mutual understanding and collaboration.
XI. Signatures
By signing below, both parties acknowledge their understanding of and agreement to the terms set forth in this MOU.
For [YOUR COMPANY NAME]:
Name: [YOUR NAME]
Title: [TITLE]
Signature: ___________________
Date: ________________________
For [PARTNER ORGANIZATION NAME]:
Name: [PARTNER NAME]
Title: [TITLE]
Signature: ___________________
Date: ________________________
