Take a step toward formalizing an agreement with a memorandum of understanding. Learn when you need one and how to write an effective document that keeps both parties on the same page.
Every agreement will look slightly different, but a good rule of thumb is to use MOUs as an agreement to agree, not as the final word. You should include whatever terms you feel are necessary to establish a mutual agreement about the common line of action you both will follow. This often includes:
While it is not a legal document, certain elements of an MOU could make it a legally binding and enforceable document in court. Make sure to consult an attorney on the language you use before sending or signing an MOU. According to the Four Corners Rule, a legal doctrine that courts use to determine the meaning of a contract, if an MOU includes one or more of the following elements, it could be deemed contractually binding:
Quick revision and open collaboration are key to a successful MOU. And with Acrobat Pro DC, you can do it all digitally and keep your partnership on the right track.