Memorandum of Understanding

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Memorandum of Understanding

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When discussing setting up a business, one gets to the point where the founding shareholders of a company will need to write what the objectives of the business are to be and what everyone is required to contribute. A Memorandum of Understanding is commonly used for this purpose.

This will cover:

  • Business objectives
  • Shareholdings
  • Transfer of shares
  • Confidentiality
  • Board structure
  • Restrictive covenants

This is the first stage leading to a Shareholders Agreement. This document can be legally binding or the parties can choose that it will not be for the present moment.

View Sample Memorandum of Understanding

Documents Included:

  • Memorandum of Understanding - Template
  • FREE BONUS - Explanation of the Memorandum of Understanding

You get the above files in both pdf format document.pdf and word for windows document.doc Word format.
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Save yourself unnecessary cost by drafting the document yourself and giving yourself a chance to understand what this document is about and what you want it to cover. All these documents are from professionals in this field. You can amend this memorandum of understanding to suit your precise commercial requirements by adjusting the wording to suit your purposes. This Memorandum of Understanding is a template created by Legal Professionals.

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