This is a standard template for the Memorandum of Understanding and can be customised for any project.
Memorandum of Understanding outlines the agreement reached by the parties in relation to specified project/activity. It lays down the responsibilities of the parties, commercial terms and such other terms as agreed by the parties thereto.
How to use this Document?
This Document should be carefully read by the undersigning individuals.
The Memorandum of Understanding may be used when the parties intend to record the main terms pertaining to a project/activity in writing, in a non-binding form.
This Memorandum of Understanding should be signed by the authorised signatory.
How to Tailor the Document for Your Need?