Professional Documents
Culture Documents
MOU
MOU
WHEREAS, the Parties desire to enter into an agreement to
___________________________________________________________________________________; and
WHEREAS, the Parties desire to memorialize certain terms and conditions of their anticipated
endeavor;
NOW THEREFORE, in consideration of the mutual promises and covenants contained herein,
the Parties agree as follows:
1. Purpose and Scope. The Parties intend for this MOU to provide the foundation and
structure for any and all possibly anticipated binding agreement related to
___________________________________
______________________________________________________________________________.
This MOU should not establish or create any type of formal agreement or obligation. Instead, it
is an agreement between the Parties to work together in such a manner to encourage an
atmosphere of collaboration and alliance in the support of an effective and efficient
partnership to establish and maintain objectives and commitments with regards to all matters
related to _______________________________________________________.
1. It is not the intent of this MOU to restrict the Parties to this Agreement from their
involvement or participation with any other public or private individuals,
agencies, or organizations.
2. The Parties shall mutually contribute and take part in any and all phases of the
planning and development of __________________________________________to the
fullest extent possible.
3. This MOU is not intended to create any rights, benefits, and/or trust
responsibilities by or between the Parties.
4. The MOU shall in no way obligate either Party to supply funds to maintain and/or
sustain _______________________________________________.
2. Term. This Agreement shall commence upon the Effective Date, as stated above, and
will continue until ___________________.
3. Termination. This Agreement may be terminated at any time by either Party upon ______
days written notice to the other Party.
4. Representations and Warranties. Both Parties represent that they are fully authorized to
enter into this Agreement. The performance and obligations of either Party will not
violate or infringe upon the rights of any third-party or violate any other agreement
between the Parties, individually, and any other person, organization, or business or any
law or governmental regulation.
5. Indemnity. The Parties each agree to indemnify and hold harmless the other Party, its
respective affiliates, officers, agents, employees, and permitted successors and assigns
against any and all claims, losses, damages, liabilities, penalties, punitive damages,
expenses, reasonable legal fees and costs of any kind or amount whatsoever, which
result from the negligence of or breach of this Agreement by the indemnifying party, its
respective successors and assigns that occurs in connection with this Agreement. This
section remains in full force and effect even after termination of the Agreement by its
natural termination or the early termination by either party.
8. Waiver. The failure by either Party to exercise any right, power, or privilege under the
terms of this Agreement will not be construed as a waiver of any subsequent or future
exercise of that right, power, or privilege or the exercise of any other right, power, or
privilege.
9. Legal Fees. In the event of a dispute resulting in legal action, the successful party will be
entitled to its legal fees, including, but not limited to its attorneys’ fees.
10. Legal and Binding Agreement. This Agreement is legal and binding between the Parties
as stated above. This Agreement may be entered into and is legal and binding both in
the United States and throughout Europe. The Parties each represent that they have the
authority to enter into this Agreement.
11. Governing Law and Jurisdiction. The Parties agree that this Agreement shall be governed
by the State and/or Country in which both Parties do business. In the event that the
Parties do business in different States and/or Countries, this Agreement shall be
governed by ____________________ law.
12. Entire Agreement. The Parties acknowledge and agree that this Agreement represents
the entire agreement between the Parties. In the event that the Parties desire to change,
add, or otherwise modify any terms, they shall do so in writing to be signed by both
parties.
The Parties agree to the terms and conditions set forth above as demonstrated by their
signatures as follows:
Name
Signed: _____________________________________
Name: _____________________________________
Date: _____________________________________
Name
Signed: _____________________________________
Name: _____________________________________
Date: _____________________________________