MOU Strategic Partnership Agreement Template

This mou strategic partnership agreement template has 3 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our mou strategic partnership agreement template:

MOU STRATEGIC PARTNERSHIP AGREEMENT This MOU Strategic Partnership Agreement (the "Agreement") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the "First Party"), an individual with their address located at: [COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the "Second Party"), an individual with their address located at: [COMPLETE ADDRESS] WHEREAS the First Party and Second Party are desirous to enter this Memorandum of Understanding between them, setting out the terms and conditions of the Partnership. NOW THEREFORE, in consideration of the premises and of the mutual agreements contained in this Agreement, the Parties hereto agree as follows: PARTNERSHIP PURPOSE The purpose of the Partnership is to support each other with business development activities and marketing activities, and to explore the effective use and integration of each other's technologies into the respective solutions being developed and marketed by the two Parties. OBLIGATIONS OF THE PARTIES The Parties acknowledge that no contractual relationship is created between them by this Memorandum. The Parties agree to work together to ensure success of the Partnership and to assign appropriate financial, administrative and managerial resources to the Partnership. The scope of the Partnership shall be defined by mutual consent and will include: Sharing the knowledge necessary to integrate the intellectual property of each Party into the other Party's solution. Other scope as mutually agreed upon. TRANSFER OF FUNDS The Parties acknowledge and agree that this Agreement does not create any financial or funding obligation on either Party, and that such obligations shall arise only upon joint execution of a subsequent agreement or workplan (which shall include a budget) that specifically delineates the terms and nature of such obligations and that references this MOU. Such subsequent agreements or workplans, and budgets, will be subject to funding being specifically available for the purposes outlined therein. All partner funds are further subject to both Party's obligations to expend funds solely in accordance with the agreed upon budget and the line items contained therein. NO JOINT VENTURE 4.1 Notwithstanding the terms "Partners" and "Partnership," the Partners agree that they are not entering into a legal partnership, joint venture or other such business arrangement, nor is the purpose of the Partners to enter into a commercial undertaking for monetary gain. Neither Partner will refer to or treat the arrangements under this Agreement as a legal partnership or take any action inconsistent with such intention. TERM 5.1 This Memorandum shall remain in effect for __________ years from date of execution. The term can be extended only by mutual consent of both Parties