Memorandum of Understanding (Free Sample)

This Memorandum of Understanding (the “MOU”) is entered into ____________________ (the “Effective Date”), by and between ________________________, with an address of _____________________________ (“[Name]”) and _________________, with an address of _______________________________, (“[Name]”), also individually referred to as “Party”, and collectively “the Parties.”

WHEREAS, the Parties desire to enter into an agreement to ___________________________________________________________________________________; and

WHEREAS, the Parties desire to memorialize certain terms and conditions of their anticipated endeavor;

NOW THEREFORE, in consideration of the mutual promises and covenants contained herein, the Parties agree as follows:

  1. Purpose and Scope. The Parties intend for this MOU to provide the foundation and structure for any and all possibly anticipated binding agreement related to ___________________________________

This MOU should not establish or create any type of formal agreement or obligation. Instead, it is an agreement between the Parties to work together in such a manner to encourage an atmosphere of collaboration and alliance in the support of an effective and efficient partnership to establish and maintain objectives and commitments with regards to all matters related to _______________________________________________________.

  1. Objectives. The Parties agrees as follows:
    1. The Parties shall work together in a cooperative and coordinated effort so as to bring about the achievement and fulfillment of the purpose of the MOU.
    2. It is not the intent of this MOU to restrict the Parties to this Agreement from their involvement or participation with any other public or private individuals, agencies, or organizations.
    3. The Parties shall mutually contribute and take part in any and all phases of the planning and development of __________________________________________to the fullest extent possible.
    4. This MOU is not intended to create any rights, benefits, and/or trust responsibilities by or between the Parties.
    5. The MOU shall in no way obligate either Party to supply funds to maintain and/or sustain _______________________________________________.

    The Parties agree to the terms and conditions set forth above as demonstrated by their signatures as follows: