This agreement (this “MOA” or “Memorandum of Understanding”) is concluded on this [DAY] day of the [MOIS] [YEAR] of and between: PandaTip: an agreement is a kind of cooperation agreement intended to document the understanding of certain parties (two or more) related to their cooperation on a project or the achievement of a goal. Unlike a letter of intent, it is more likely that an agreement will impose certain obligations on the parties. Each party assumes legal and financial responsibility for the actions of its staff, officers, agents, representatives and volunteers. Each party is committed to: Defending and maintaining other claims unscathed, claims, claims, claims, liabilities, losses, damages and costs, including reasonable legal costs resulting from the acts or omissions of the defused party under this Agreement, to the broadest extent as possible admissible by law, and each party bears the proportionate cost of all damages attributable to that party`s fault, its agents, agents, agents and independent employees. The intention of the parties is that, when a fault is found, the principles of comparative fault are applied. [PARTY 1], a company [PARTY 1 STATE OF INCORP] with an office in [PARTY 1 ADDRESS]; and it is understood and agreed by and between the parties that: This MOA can be terminated by mutual agreement between the parties and automatically ends with the execution of all the responsibilities mentioned in that agreement, unless otherwise amended. This agreement enters into force on the date of the last contracting party signed by this MOA below. By signing, the parties indicate below that they approve of this agreement. PandaTip: As shown in paragraph 1 above, an MOA imposes certain legal obligations. This section is very clear. Here you want to explain what each party will be responsible for in partnership or cooperation.
. In particular, the two sides will cooperate to develop [SPECIFICS AND OBJECTIVES RELATED TO PROJECT]. Each party pays, at its own cost and cost, insurance or life insurance to cover its activities related to this MOA and receives, maintains and maintains, insurance or equivalent autonomy insurance programs, general liability, workers` compensation and liability for commercial vehicles to cover its potential commitments in this case. [PARTY 1] begins the following activities as part of this MOA: . The purpose of this Memorandum of Understanding is to define the conditions, extent of work and responsibilities of the parties related to their cooperation with [DESCRIBE COOPERATIVE PROJECT]. . [PARTY 1] has unique expertise and experience in the following areas: PandaTip: An alternative to the above termination provision is to allow any party to resign for convenience with notification and/or default in certain circumstances. Be careful, however, because you may want some kind of minimum commitment, because you are investing time and resources in cooperation.