Neither party may assign or transfer the responsibilities or agreement made herein without the prior written consent of the non-assigning party, which approval shall not be unreasonably withheld. This Memorandum shall be construed in accordance with the laws of the State of Commonwealth of. The term can be extended only by agreement of all of the Partners.Īny notice or communication required or permitted under this Memorandum shall be sufficiently given if delivered in person or by certified mail, return receipt requested, to the address set forth in the opening paragraph or to such other address as one party may have furnished to the other in writing. The arrangements made by the Partners by this Memorandum shall remain in place from until. In the event the dispute resolution group is unable to make a compromise and reach a final decision, it is understood that neither party is obligated to enter into any binding contract to complete the Project. The Partners agree that a decision of the dispute resolution group will be final. The dispute resolution group may receive for consideration any information it thinks fit concerning the dispute. In the event of a dispute between the Partners in the negotiation of the final binding contract relating to this Project, a dispute resolution group will convene consisting of the Chief Executives of each of the Partners together with one other person independent of the Partners appointed by the Chief Executives. No liability will arise or be assumed between the Partners as a result of this Memorandum. Coordinated communications should be made with external organizations to elicit their support and further the aims of the Project. Where it does not breach any confidentiality protocols, a spirit of open and transparent communication should be adhered to. It is recommended that you save the document to a location of your choice prior to viewing.Marketing of the vision and any media or other public relations contact should always be consistent with the aims of the Project and only undertaken with the express agreement of both parties. You will be asked what you want to do with the file. Once you have purchased access to the Business document folder click on the “Download Document” button below. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes. We have also included this MOU in Heads of Terms and Contract Formation, alongside various other types of template MOUs. Those notes deal with a number of important general issues relating to all Memoranda of Understanding, Heads of Terms, Letters of Intent, Term Sheets and similar pre-contract documents. Their task of drafting a definitive binding Consulting Services Agreement should be quicker and easier if they have such a detailed MOU to work from, and hopefully that will be reflected in lower legal fees.īefore using this template, we recommend that you read the Guidance Notes on Heads of Terms, Memoranda of Understanding, Letters of Intent and Term Sheets in Heads of Terms and Contract Formation. Once both parties have agreed and signed the MOU, you can pass it to your legal advisers as your instructions to them. This detailed menu of heads of terms can serve as a convenient checklist to assist you to identify, negotiate and record in the MOU all of the points that should be covered by the parties in a full agreement. This MOU template contains numerous optional clauses (and alternative provisions within those clauses) from which you can select as appropriate. It should also aid the process of focusing on and agreeing all of the important legal and commercial points that need to be dealt with by the definitive, binding, Consulting Services Agreement which is to follow the MOU. Using an MOU such as this should help prevent misunderstandings. This MOU would then be followed by a binding detailed, definitive Consulting Services Agreement under which the consultant agrees to provide consulting services to a business client. (If the Consultant is a company, it should instead use the accompanying template, the Memorandum of Understanding: Consulting Services Agreement (Company) ). This Memorandum of Understanding: Consulting Services Agreement (Self-Employed Consultant) (“MOU”) is designed to be signed as a preliminary non-binding heads of terms document between an individual self-employed consultant and their client. The data protection provisions in this document have been updated with reference to the UK GDPR.
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