Memorandum of Understanding for Joint Venture Contract
Index of the contract
This Memorandum of Understanding is used to set objectives and define the most important issues between the Parties prior to the signing of a Joint Venture Contract. It also serves to assess the interest of the Parties to reach an agreement and to take account of developments that have taken place during negotiations.
Either Party can write this Memorandum of Understanding although usually is the Party that has taken the initiative in the negotiation process. This is a non-binding document, except in regard to confidentiality during negotiations.
A short form of Memorandum of Understanding is also included for Joint Ventures that are in early stages of negotiation.The language of this Memorandum of Understanding is English. It is also available in Spanish.