Memorandum of Understanding

Step 4: Draft the MoU

• Draft a formal MoU. The structure usually follows a standard format:
  • State that the document is a MoU.
  • Identification: list all parties involved by full legal name and address.
  • Intention: outline the purpose of the agreement.
  • Terms of collaboration: detailed description of duties and expectations. This is the core of the MoU.
  • Consideration: details of any financial obligations.
  • Acceptance: a section where parties can sign the agreement.

You can use this template in Word to formulate your MoU.