Memorandum of Understanding Partnership

It is usually the right thing when people have documented evidence concerning what they do. This is really interesting since it makes everybody in that particular deal or business very alert and therefore they truly know what they are about and this makes them unique in every aspect. Therefore partners in especially business often see to it that, there is some kind of understanding between them so that the business dealings can move on successfully and very fast. It is therefore appropriate to state that, a set of memorandum of understanding partnership helps many businesses grow to the highest level.

Memorandum of Understanding Partnership In the first place, a set of memorandum of understanding partnership usually occurs between two partners or business associates and one major reason for this partnership is often to see to it that, there is some kind of accumulated force which will really enable business to grow. But before the so called partnership can easily be proceeded with, it is often agreed by the two parties to sign a memorandum of understanding. Of course this is basically to safeguard the transaction and nothing else. A set of memorandum of understanding for this kind of partnership will definitely aid the business or whatever deal is concerned to successfully come to an end. This is always the wish of most business associates. Below is a typical example of a memorandum of understanding.

Memorandum of Understanding

Between

Company A

And

Company B

The two parties agree completely to the following;

Article 1; Purpose and Scope

Article 2; Conditions and Arrangements

Article 3; Timing

Article 4; Future cooperation

The present memorandum of understanding is basically between the two companies and as such these two companies are to obey the rules and regulations of the deal.

Signature;………………………………. Signature;……………………………

For and on behalf

Of;……………………………………

For and on behalf

Of;……………………………………………….

Date;……………………………………………