Sample Business Agreement Between Two Companies
A Memorandum of Understanding is a cooperation agreement between two or more parties that defines a cooperation agreement within the framework of a project. All important terms contained in the contract or agreement should be defined in their entirety. Incomplete or missing definitions only prevent the parties from grasping the true meaning of each clause on the basis of what the author initially had in mind. Note that some concepts may be interpreted differently from one company to another. Therefore, professional contracts must specify what these concepts mean in order to avoid confusion and misinterpretation. Other types of agreements protect confidential information or allow the liberal professions and independent contractors to use a company`s intellectual property while ensuring that they cannot credit it. .