Memorandum Of Agreement: What is It and What to Include

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A memorandum of agreement, or MOA, is a legal document describing a business partnership between two parties that have agreed to cooperate to meet an agreed objective or complete a project. The memorandum lays out the agreed terms and outlines the steps to reach the desired goal of the agreement.

MOAs are usually used when money is involved, but that is not always the case.

It is considered a legal document because of its signatures. Still, it is less formal than a contract and more formal than a verbal agreement. In business it can be used for:

A memorandum of agreement is not the same thing as a memorandum of understanding (MOU). An MOU is used to describe each party's point of view about a project before entering into it.

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Memorandum Of Agreement Templates

Purchase and download templates drafted by lawyers in our network that match your needs. Business Collaboration MOA Used for business collaborations. Simple MOA Used for agreements between parties. Service Agreement MOA Used for service provider agreements.

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What Should Be in a Memorandum of Agreement?

Even though it is less than a formal contract, there are certain sections you want to make sure are included when completing an MOA. Some of these sections include: