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  • Memorandum and Letter of Intent

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    Santiago Cueto
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    The memorandum of understanding describes the general conditions for future cooperation between two parties. It outlines four articles: the purpose and scope of cooperation, conditions and arrangements, timing, and plans for future cooperation. However, the memorandum is non-binding and the exact terms will be negotiated later in a formal contract if circumstances allow. The letter of intent establishes that the parties are negotiating a joint venture agreement. It requires confidentiality of all exchanged commercial information and prevents either party from acting on that information to the detriment of the other pending a possible signed agreement. The joint venture agreement must be signed by a specified date or the parties are free to pursue other options without responsibility to the other.

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    The memorandum of understanding describes the general conditions for future cooperation between two parties. It outlines four articles: the purpose and scope of cooperation, conditions and arrangements, timing, and plans for future cooperation. However, the memorandum is non-binding and the exact terms will be negotiated later in a formal contract if circumstances allow. The letter of intent establishes that the parties are negotiating a joint venture agreement. It requires confidentiality of all exchanged commercial information and prevents either party from acting on that information to the detriment of the other pending a possible signed agreement. The joint venture agreement must be signed by a specified date or the parties are free to pursue other options without responsibility to the other.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14K views3 pages

    Memorandum and Letter of Intent

    Uploaded by

    Santiago Cueto
    The memorandum of understanding describes the general conditions for future cooperation between two parties. It outlines four articles: the purpose and scope of cooperation, conditions and arrangements, timing, and plans for future cooperation. However, the memorandum is non-binding and the exact terms will be negotiated later in a formal contract if circumstances allow. The letter of intent establishes that the parties are negotiating a joint venture agreement. It requires confidentiality of all exchanged commercial information and prevents either party from acting on that information to the detriment of the other pending a possible signed agreement. The joint venture agreement must be signed by a specified date or the parties are free to pursue other options without responsibility to the other.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Memorandum of Understanding and

    Letter of Intent

    compliments of:

    www.CuetoLawGroup.com
    MEMORANDUM OF UNDERSTANDING
    Between:

    _____________________________________________

    and
    _____________________________________________

    The Parties to this Memorandum of Understanding (MoU) agree to the following

    Article 1 : Purpose and Scope

    Article 2 : Conditions and Arrangements

    Article 3: Timing

    Article 4 : Future cooperation

    The present MoU describes the general conditions and arrangements for future cooperation between the

    parties. It is not legally binding on the parties. The exact terms and conditions of this future cooperation

    will be negotiated in due course and laid down in a contract, should circumstances permit.

    Signature:___________________________ Signature:___________________________

    For and on behalf of:_________________ For and on behalf of:_________________

    Date:_______________________________ Date: ______________________________


    LETTER OF INTENT
    AND CONFIDENTIALITY AGREEMENT

    BETWEEN

    _________________________________________

    AND

    __________________________________________

    The parties are in the process of negotiating a Joint Venture agreement, whose purpose is
    ___________________________________________________________ .

    Pending the possible signing of a Joint Venture agreement, all parties agree to hold in strict
    confidence all commercial and trade information exchanged and further, neither party shall act upon
    such information exchanged to the detriment of the other party, such obligation constituting a
    separate and distinct right not dependent on the enforceability of this letter of intent. The joint
    venture agreement shall be signed by ___________, failing which all parties are free to pursue other
    alternatives as they deem proper without any responsibility to the other party.

    Signed in __________________ [Town, Country] on______________ [Date].


    Name: Name:
    Company: Company:
    Signature: Signature:

    Please note: These samples have been selected for illustrative purposes only. Cueto Law Group,
    P.L. shall not be liable for their contents or use.

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