This Memorandum of Understanding ("MOU") is made and entered into as of [Date] by and between:

Party 1:

  • [Your Name/Business Name]
  • [Your Address]

("Party 1")

Party 2:

  • [Client Name]
  • [Client Address]

("Party 2")

WHEREAS, Party 1 and Party 2 share a mutual interest in [Briefly describe the area of collaboration].

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants contained herein, the parties agree as follows:

1. Purpose

The purpose of this MOU is to establish a framework for collaboration between Party 1 and Party 2 in the area of [Specify the area of collaboration].

2. Areas of Collaboration

The parties may collaborate on the following activities (but are not limited to):

  • [List potential areas of collaboration, e.g., information sharing, joint research projects, co-marketing initiatives, event participation, etc.]

3. Roles and Responsibilities

  • Party 1: [Outline Party 1's expected contributions and responsibilities]
  • Party 2: [Outline Party 2's expected contributions and responsibilities]

4. Term and Termination

This MOU shall commence on the date first written above and shall continue for a period of [Term Length] (or until terminated by either party as provided herein). This MOU may be terminated by either party upon written notice to the other party for any reason.

5. Confidentiality

The parties agree to hold confidential all non-public information disclosed by the other party under this MOU. Confidential information does not include information that is already publicly known or that is independently developed by the receiving party.

6. Intellectual Property

Ownership of any intellectual property rights developed by the parties under this MOU shall be determined on a case-by-case basis through separate agreements.

7. No Binding Agreement

This MOU is not intended to be a legally binding contract and does not create any obligations for either party other than those expressly set forth herein.

8. Entire Agreement

This MOU constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.

9. Governing Law

This MOU shall be governed by and construed in accordance with the laws of the State of [Your State] (USA) or the Province of [Your Province] (Canada), as applicable.

10. Severability

If any provision of this MOU is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.

11. Notices

All notices required or permitted hereunder shall be in writing and shall be deemed given when delivered personally, sent by certified or registered mail, postage prepaid, return receipt requested, or sent by overnight courier service to the addresses set forth above.

12. Signatures

Party 1:

[Your Signature]

[Your Printed Name]

Party 2:

[Client Signature]

[Client Printed Name]