Categories
Memorandum of Understanding

Business Memorandum of Understanding

Most businesses are able to function properly due to the fact that, they do take appropriate measures to accomplish it. It is always the wish of every business entity to get good results no matter the situation. This actually makes them very determined in every transaction they undertake. It is therefore worthwhile to state that, most business entities will always like to possess a set of memorandum of understanding especially in their dealing just to get positive results in whatever they are doing. As a matter of fact, most business men are truly successful because of the measures they undertake.

Business Memorandum of Understanding One major advantage of a set of business memorandum of understanding is that, it enables the business men involved to truly appreciate what is going on and for that matter no party should have the weird feeling of being cheated. When this kind of feeling is eliminated it gives the two parties a peaceful business transaction which of course yields profit in many ways. Most business men therefore do not compromise with this sort of agreement no matter the situation they find themselves. To make things precise, below is a typical example of a business memorandum of understanding;

Memorandum of understanding

Between

Company X

And

Company Y

The two companies agree perfectly to the following and actually wish things are done this way;

Agreement 1; Purpose and Scope

Agreement 2; Conditions and Arrangements

Agreement 3; Timing

Agreement 4; Future Cooperation

The present memorandum of understanding is basically for the above purposes and as such, none of the companies should try violating any of the agreements.

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

For and on behalf

Of…………………………………………

For and on behalf

Of…………………………………

Date;………………………………………..

As a matter of fact, any two companies in partnership that actually obey or do the right thing will definitely have their plan being a success.