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When can I use a Memorandum of Understanding?
A Memorandum of Understanding is a handy tool for use in the early stages of your commercial arrangements. It outlines the key points you and the other party have agreed upon, ensuring you’re both on the same page from the start.
A Memorandum of Understanding drafted to meet your specific needs
Phone consultations with our expert lawyers
Fixed-fee pricing
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A Memorandum of Understanding (MOU) is a document that outlines the basic terms of a commercial arrangement. It’s often used as a stepping stone for more detailed documents and to facilitate negotiations.
An MOU ensures that the major aspects of the deal are set out and minimises the risk of a misunderstanding. It’s a good way for parties to agree on the key terms without incurring exorbitant legal fees.
Generally speaking, a Memorandum of Understanding is not legally binding. It is often used as a stepping stone for more detailed and legally binding agreements later down the track.
However, it is a great way to capture the key terms of your arrangement and ensure all parties are on the same page. It can also still be used as evidence of an agreement between parties, so it’s still equally as important to ensure it’s well-drafted!
Our Memorandum of Understanding package starts at £500 + VAT. As part of this fixed-fee package, you’ll get a Memorandum of Understanding drafted to meet your specific requirements. You’ll also receive phone consultations with an expert Sprintlaw lawyer and a complimentary amendment to the final draft we provide to you.
Our team is made up of experienced lawyers, who are specialists in various areas of law. Many of our team have trained at leading law firms and left the traditional corporate law world to join us on our mission to create a new and better way of delivering legal services. Our team has expertise in all areas of startup law, including technology law, intellectual property law, contract drafting and review, corporate law and commercial law.
Our use of technology allows our team members to work remotely from around the world, including the UK and Australia. We generally work with our clients entirely online and over the phone. Our UK team often work out of Flow Space co-working spaces in London.
We’re an award-winning, totally online law firm. Forget the hassle of meeting a lawyer face-to-face. Our top-trained lawyers are ready to help wherever you are.
Our lawyers were recruited from top law firms and use our custom-built technology to provide a better and more affordable legal service.
1 / Get a free quote
Our legally trained consultants will prepare a fixed-fee quote for you.
2 / Accept online
Accept your fixed-fee quote and e-sign our engagement letter.
3 / Speak with a lawyer
Our expert lawyers will talk you through your project via phone, video call or whatever suits!
That's it!
Receive your completed project, usually within 5 - 10 working days.
Adapt Leadership
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Kiindred
“I had a fantastic experience with Sprintlaw - it was easy, cost-effective and their lawyers provided very high quality advice. I could tell they really cared about my business.”
Soul Burger
“They’ve helped us tremendously and are seriously knowledgeable and honest. Couldn’t recommend the crew at Sprintlaw more!”