When you need it
MOU recording the broad understanding between two parties. Used routinely by advocates, law firms and in-house legal teams. This is a two-party document (First Party and Second Party): both parties are picked from your Client Master and their details fill in on each side.
Preview of the format
Highlighted fields are variables - DocMold fills them in for each client. Formatting in the real .docx is preserved exactly.
MEMORANDUM OF UNDERSTANDING
This Memorandum of Understanding ("MOU") is made on Agreement date at Place between Client 1 name, having its address at Client 1 address (the "First Party"), and Client 2 name, having its address at Client 2 address (the "Second Party").
1. Purpose
The parties intend to collaborate for Purpose of mou and record their broad understanding in this MOU.
2. Roles and Responsibilities
First Party: First party obligations
Second Party: Second party obligations
3. Term and Termination
This MOU shall be effective from Commencement date for a period of Term months months, unless terminated earlier by either party with Notice period days days written notice.
4. Nature of MOU
This MOU records the intention of the parties and shall not create binding legal obligations except the clauses relating to confidentiality and governing law. Definitive agreements shall be executed separately. This MOU is governed by the laws of India; courts at Jurisdiction city shall have jurisdiction.
_______________________ _______________________
For Client 1 name For Client 2 name