What's your company name?
Use the legal name of your business. If you're signing as an individual, put your full name instead.
Create a memorandum of understanding
Generate a free memorandum of understanding. It records a possible collaboration and still requires a definitive agreement before that collaboration is binding.
You
What type of party are you?
In most cases pick Corporation or LLC if you have a company. Choose Individual if you're signing as yourself.
Will you be signing this memorandum?
Choose Yes if you'll sign in the editor yourself. Choose No if someone else on your side will sign.
What's your full name for the signature block?
This is how your name will appear as the signatory for your party.
What's your title?
A simple title like Founder or Owner is fine.
Which country is your address in?
This only changes how we ask for the address. Which law governs the contract is a separate question.
What's your address?
Usually your business address, or your home address if you're signing as an individual.
What's the email for your party's signer?
We'll use this when you send the document so they can complete their signature.
Them
What's their company name?
Use the legal name of their business. If they're an individual, put their full name instead.
What type of party are they?
In most cases this matches how they operate: Corporation, LLC, or Individual.
Who will sign for them?
If you only know one contact, use that name for now. You can update it later.
What's their title?
In most cases this is CEO, Founder, General Counsel, or another authorized role.
Which country is their address in?
This only changes how we ask for the address. Which law governs the contract is a separate question.
What's their address?
Usually their principal business address. Approximate is okay if you don't have every detail yet.
What's their email address?
We'll use this as the counterparty recipient when you send the memorandum for signature.
Agreement
Which side are you?
The lead starts the discussion. The collaborator is the other party.
What is the objective?
Describe the collaboration you hope to explore. AI will fit this into the objective clause. A later contract is still required.
What might each party contribute?
These are expectations, not payment promises. AI will fit a longer answer into the contributions clause.
Which parts should be binding?
Provide what binds for your memorandum of understanding.
How long is the exclusivity window?
Describe the short period. Only this choice makes exclusivity binding.
How long do you expect the talks to last?
Provide duration for your memorandum of understanding.
When should the agreement take effect?
Most memorandums start today. Choose a custom date if you need a different effective date.
What is the effective date?
Pick the date the memorandum should begin.
Which state's law should govern?
Usually the state where your company is formed or where you do business. Delaware is common for US companies.
Which jurisdiction?
Name the country or region whose law should apply.
Do you require any advanced terms?
Custom dispute language or other discussion terms.
Advanced
How should disputes be resolved?
Litigation means court. Arbitration is private. In most cases litigation is fine unless you prefer arbitration.
Anything else to include?
Optional. Describe it in your own words. AI will draft the legal wording from what you write here.
Preview
What would you like to name the file?
This becomes the downloaded document name. You can change it later if needed.
Contract creator
Memorandum of Understanding
A collaboration outline that says which parts actually bind.
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