${Title}
Browse Template

Join Now

Memorandum of Understanding (MOU) - Sale of Business

Seller

A memorandum of understanding (MOU) in a sale and purchase situation. This represents the good faith intentions of the parties but also include deposit from the Buyer. This document is drafted in favour of the Seller.

The Main Contents of This Document Addresses:

The Parties wish to set out in this Memorandum ("MOU") the general terms and conditions of a proposed acquisition of their % interest in (the “Target”), from all existing shareholders of the Target to (collectively, the “Parties”). Target is in the specified business.

 

How to use this Document?

 

The parties recognise that the various arrangements will need careful review but each will endeavour in good faith to agree on the detailed terms of the acquisition, on the basis of the principles set out in this Memorandum, and to take all necessary other actions in order successfully to complete the Proposed Transaction (as defined below).

 

The buyer will acquire an interest in the Target (the “Proposed Transaction”), including all of the assets, owned by the Target that is used in, or necessary for the conduct of its business activities, including, without limitation: the Target’s license(s), subject to any obligations contained in such license(s) which are disclosed to the Buyer and subsisting at the time of signing of the SPA (defined below) and thereafter such further conditions imposed by a regulator relating to the change of ownership of the Target at or prior to completion of the Proposed Transaction.

 

How to Tailor the Document for Your Need?

  1. Create Document: Click “Create Document” button and the document will be prepared with your account details automatically filled in.

  2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

  4. Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee.

 
memorandum of understanding
MOU
sale and purchase
deposit
legally binding
non binding
good faith
sale
purchase
heads of agreement
heads of terms
HOA
HOT
LOI
Letter of Intent
mou between buyer and seller

Related Documents