Memorandum of Understanding Form

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This makes the deal something of substance. But it is also important to state that, this set of memorandum of understanding has a form it follows to make it complete.

Memorandum of Understanding Form In the first place, a set of memorandum of understanding should possess a date. This date indicates the day the whole transaction took place and as such is very necessary. This fixed date also gives the parties involved the idea onto when the deal is to end and also any other important aspect of it that involves date. Date therefore is very crucial in undertaking this agreement. Another important factor is a brief description of what is going on. This description is very necessary because it gives a neutral person an idea onto what exactly is going on this really makes it outstanding. In order to make things really understandable and straight to the point, below is an example of a set of memorandum of understanding;

Memorandum of Understanding

Between

Party A

And

Party B

The parties of this particular memorandum of understanding agree completely to the conditions applied to it and are therefore ready to obey them until the whole transaction is done. They therefore agree to the following;

Agreement 1; Purpose and Scope

Agreement 2; Conditions and Arrangements

Agreement 3; Timing

Agreement 4; Future Cooperation

This agreement is designed in such a way that it can be altered when there is a particular problem realised with it and as such this problem can only be altered when the two parties agree to it.

Signature……………………………… Signature…………………………….

For and on behalf

Of………………………………..

For and on behalf

Of ……………………………………

Date;……………………………………………

It is worthwhile to state that, once everything is done and everyone signs, and the date is also put on it, then the whole deal begins.