A Memorandum of Understanding (MOU), also referred to as a Letter of Intent (LOI), is a non-legally binding agreement which declares a preliminary commitment or a proposed agreement, from one party to another, to enter into a business arrangement.
Key Terms in an MOU
This MOU template will be most beneficial for the following:
A business entity interested in signing an agreement with another business entities for the purpose of recording and formalizing an ongoing discussion
A business which wants to protect its valuable business information and key employees
General protection for all parties involved in a deal
