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When to use a memorandum of understanding

  • Checkmark When negotiating a business deal
  • Checkmark When expressing interest in certain services
  • Checkmark To establish the key points of an important deal
  • Checkmark When planning a major purchase, such as equipment
  • Checkmark To set the stage for further negotiations and due diligence

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Concise and clear terms of a potential deal

Throughout the memorandum of understanding template, we explain all the terms and guide you on making the best choices for your potential deal.

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Nonbinding and Straightforward

Express interest in a business opportunity and start negotiating possible terms without signing a legally binding contract.

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A Powerful Tool for Your Business Goals

Establish rapport with the other party and demonstrate your seriousness and professionalism through a well-drafted memorandum of understanding.

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How to create a memorandum of understanding in 3 steps

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1

Gather Information

Begin by collecting basic information about the parties. Also, determine how long after the letter is signed that formal negotiations will begin. 

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2

Answer Key Questions

We help you integrate the information you collected into a document adapted to your business needs. As you complete our questionnaire, we inform you about your choices at each step and dynamically ask new questions based on your answers.

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3

Review

Always read your document thoroughly to ensure it contains everything you need and is free of errors. In any case, once you finish creating your document, you will be able to alter it as much as you like in Microsoft Word. However, if you do not need to make any changes, you can simply download the PDF version.

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Help Guide

Table of contents

Use our memorandum of understanding template to quickly and easily disclose the possible terms, conditions, and expectations between a seller and a buyer. By having a clear and detailed MOU, you can ensure that your business relationship with the other party starts with transparency and mutual benefit.

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