A Memorandum of Agreement is a legal document that outlines terms and details of a new cooperative agreement. Memorandum of Agreements are meant to put agreed-upon terms between parties into writing, often before a more formal and detailed contract is written up. You can use a Memorandum of Agreement to set up the foundation for a partnership by laying out specific objectives, milestones, or final outcomes – whether you’re securing a deal for your dream home while you take care of financing, laying out a project’s scope for a client or protecting intellectual property, for example. You can also lay out critical financial details and preferred methods for resolving disputes. Make yours with Rocket Lawyer now!
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