Memorandum of Agreement (Non-Binding)

Memorandum of Agreement (Non-Binding)

A Memorandum of Agreement is a document that serves as a halfway house between an oral agreement for two businesses to work in partnership and a formal contract outlining the full terms of the relationship. Businesses often use MOA’s to put into writing their current understandings about what has been agreed between them and what further details need to be worked out between them. Businesses often use MOA’s to put into writing their current understandings about what has been agreed between them and what further details need to be worked out between them.
MOA’s are usually not binding on the parties but the parties can make some elements of the MOA binding if they wish. If you want to make this MOA binding in some respects you should consult an attorney.

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