While legally unenforceable, the memorandum of understanding (MOU) plays a crucial role as a preliminary agreement between parties before entering into a formal contract. It gives clients an opportunity to outline the key terms and conditions of a proposed business relationship and start the due diligence and negotiations on the same page. Are your MOUs at their most effective? This legal briefing will help you refine your drafting and review skills that will pave the way for more effective transactions. Register today! Outline the overall intent of the transaction and spell out its basic terms. Agree on the methods that will be used to determine value and the factors that can skew it. Set a timeline for the transaction with a broad-strokes settlement and closing road map. Draw the red lines that will force your client to walk away. Lay the ground for legal compliance and forecast potential roadblocks.
