Memorandum of Understanding Sample

It is usually advisable to have some kind of paper work concerning any sort of business two or more parties may be transacting. This is very necessary because, the human being is so unpredictable and as such can become different at any point in time. This is the commonest thing that happens when there is no set of memorandum of understanding between the parties involved. It is due to matters like this that, a memorandum of understanding is always crucial. This set of agreement often helps solve so many problems when the need arises.

Memorandum of Understanding Sample It is worthwhile to mention here that, a memorandum of understanding sample usually involve a number or set of agreements and as such makes it successful.

In the first place, this sample often possesses a date which is very crucial in every business transaction. This sample is designed in such a way that, the date is indicated clearly so that, any other person rather than the parties involved can easily read and understand clearly what is going on. After the date, a brief description of what is going on in the agreement is also needed. This again gives an overview about the whole thing and this of course is very necessary for a neutral person. Anyone who can read and write should know exactly what is going on. After that, there is a clear statement showing that, any part of the statement is subject to change when ever it is called upon. But it is important to mention here that, both parties must be in agreement. Below is a typical example of a memorandum of understanding;

Memorandum of understanding

Between

Company A

And

Company B

These two companies have come to an agreement and they wish the following messages hold in the memorandum of understanding.

Message 1; Purpose and Scope

Message 2; Conditions and Arrangements

Message 3; Timing

Message 4; Future Cooperation

The present memorandum of understanding is to give chance to all deals by these two companies to be transacted successfully without any sort of problem whatsoever and it is therefore necessary that, each company respects every term and condition mentioned in the memorandum of understanding.

Signature;……………………………… Signature;………………………………

For and on behalf

Of;…………………………………..

For and on behalf

Of;…………………………………..

Date;……………………………………….

Most companies do achieve their aims once they pay heed to the memorandum of understanding. As a matter of fact, this has really helped so many companies.