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GLS Checklist: Memorandum of Understanding
US$99
The Problem: You need to review/prepare a Memorandum of Understanding.
You need to know what to look for when dealing with a Memorandum of Understanding.
Related challenges include:
- the MOU may create binding obligations even where the parties intended non-binding discussions
- you may not realise key commercial terms are unclear, incomplete or poorly documented
- you may miss provisions creating exclusivity, confidentiality or cost exposure obligations
- you may not know whether the MOU properly reflects the intended commercial framework
- you may overlook wording that creates unintended legal or operational commitments
- you may not identify gaps around timelines, responsibilities or next stage deliverables
- you may fail to spot inconsistencies between the MOU and later transaction documents
- you may assume MOUs are informal documents when they often create significant legal risk
- you may not know what MOU positions are reasonable versus commercially aggressive
- the problem becomes worse when dealing with investor, strategic partnership or procurement paper
The web has lots of checklists – but are they any good?
The GLS Solution: An intuitive checklist to guide you through the key issues in a Memorandum of Understanding.
GLS Checklists™ flag the key issues you need to be aware of in a wide range of commercial agreements so you can be confident in the agreement that you are reviewing/signing.
This checklist is for a Memorandum of Understanding.
Useful to both legal teams and lay-persons, this GLS Checklist™ flags what is important and/or unique in this agreement type, and includes a brief explanation as to why.
GLS Checklists™ flag what is a truly “material” risk area and what is not – allowing you to conduct an efficient and proportionate review.
GLS Checklists™ distill years of professional legal experience into a simple and easy to follow checklist that helps you step through the issues.
Remember, its not what you know that is usually the problem - its what you dont know. So let this checklist help you conduct your review.
There are plenty of checklists found on the Web but few are regularly maintained by a legal services group dedicated to empowering you to achieve more yourself.
Problem solved.
Deliverables: A world class Memorandum of Understanding Checklist
Checklist Assets & Benefits
| GLS Checklist: | You will receive a high-quality GLS Checklist structured for efficient and practical legal review - comprising an intuitive Y/N review framework, drafting tips, recommendations, and examples. It couldn't be easier to follow. |
| Delivery: | In most cases, your checklist will be delivered instantly to your dedicated “My Legal Department” channel within the GLS Startup Support Centre. |
| GLS Discount: | As a purchaser of a GLS Checklist, you will be entitled to a 10% credit on any subsequent GLS review solution (i.e. Overflow or Kickstarter) that you purchase in relation to the relevant Agreement or Issue Checklist. |
| GLS Legal On Call (Free) | Following your purchase, you will instantly qualify for inclusion in the GLS Legal On Call (Free) solution - giving you, in effect, access to up to 30 minutes of in-house lawyer time. |
| Checklist Voucher: | We will also provide you with a 20% discount voucher code for any additional GLS Checklists that you purchase within 90 days of your initial checklist order. |
| Constant Updates: | All our templates are regularly updated to track emerging market practices. |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $99 | 7 mins |
Ask CALO about this product
US$99.00
excl GST
