MEMORANDUM OF UNDERSTANDING
This MoU is made on [DD/MM/YYYY] at [City, State]
1. Parties
First Party: [Business Name], having its office at [Address] ("Party A").
Second Party: [Business Name], having its office at [Address] ("Party B").
2. Purpose & Scope
The parties intend to [describe the collaboration / arrangement] for the period [start] to [end].
3. Roles & Responsibilities
Party A shall: [_____]. Party B shall: [_____].
4. Financial Arrangement
[Payment / revenue-sharing / cost terms, if any.]
5. Confidentiality
Both parties shall keep all shared information confidential and use it only for the stated purpose.
6. Term & Termination
This MoU is valid for [period] and may be terminated by [notice period] written notice by either party.
7. Governing Law
This MoU shall be governed by the laws of India; jurisdiction: courts at [City].
8. Signatures
For Party A: ____________________ (Name, Designation, Date)
For Party B: ____________________ (Name, Designation, Date)
Witness 1: __________ Witness 2: __________
How to use: An MoU records intent and is usually non-binding except for confidentiality clauses; sign in duplicate and have a lawyer vet binding commitments.