In addition, any disputes arising from this agreement will be resolved through mediation before resorting to legal action.Īny partnership needs a detailed memorandum of understanding outlining what is expected of each entity. All communications should be made via email or mail. Miscellaneous: This MOU may be modified or amended at any time with mutual written consent from both parties. These responsibilities can include but are not limited to the following: Responsibilities: Each party will bear responsibility for any obligations it has agreed to perform. Both parties will be held responsible for upholding their commitments under this agreement. It is subject to renewal or amendment with mutual written consent from all parties. Terms of Agreement: This MOU is valid for years from the Date of execution. This MOU outlines the following items about the partnership: The objectives are as follows:ĭescription: The parties agree to enter into a partnership whereby they shall cooperate to achieve the outlined objectives set forth herein. Purpose and Objectives: The purpose of this MOU is to define the terms and expectations of the parties for a mutually beneficial agreement. Introduction of Parties: This Memorandum of Understanding is entered into by and between and. Memorandum of Understanding Partnership Agreement Between and Photo by Gabrielle Henderson on Unsplash Memorandum of Understanding Partnership Agreement Sample Include the words “Acknowledged and Agreed” with the signatures and the Date of signing.
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