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MEMORANDUM OF UNDERSTANDING

 

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ABOUT MEMORANDUM OF UNDERSTANDING .

 

The Memorandum of Understanding is just the understanding document which is signed by the parties before the final contract. Undoubtedly negotiations can be very long driven, it is necessary to make clear points on what is being finalized or sorted out by both the parties.

 

MAKES A MEMORANDUM OF UNDERSTANDING PURPOSE.

 

Clarifying the main purposes of the project for the comfort of the members.

The statements that the parties are negotiating over are captured.

Gather the advances that occur in each one of the statement.

Survey the enthusiasm of the other party to accomplish the task.

Ensures if the arrangement crumples amid negotiation.

 

THE ROLE OF CONFIDENTIALITY IN MOU.

 

It is essential to understand and analyze the nature and present state of other party with which you are going to negotiate.

MOU could be a one page document as well as it could contain several pages there is not a specific format or it. The contents and its form is completely dependent upon the deal that you are going to present the agreement with your clients. It make sure that after signing an MOU, parties cannot back out of a deal under any circumstances without facing any consequences.