Memorandum of Understanding (MoU) - Internal
A Memorandum of Understanding is an agreement that defines the framework for the negotiations between the parties in relation to the specific project.
Generally, the MoU express the intentions of the parties and it typically outlines an intended line of common actions to be performed by the parties and regulates ques-tions concerning information exchange, confidentiality and communication.
In the same way as letters of intent, a MoU expresses the good faith intention of the parties to take part in a project without legally obligating the parties to carry out the project. Where a letter of intent typically express the immediate intention of the parties, a MoU typically includes a more detailed outline of the project, the expected contributions by each party and the possible project organisation.
This template should be used taking into consideration that it should be adjusted to the specific project and the parties.
Download “Memorandum of Understanding (MoU) - Internal” MoU-Internal-1.docx