Document background
The Standard MOU is a widely used document in the United Arab Emirates for establishing preliminary relationships between parties who intend to collaborate or conduct business together. This document type serves as a foundation for future detailed agreements while providing a clear framework for initial cooperation. Typically used in situations where parties want to formalize their intentions before entering into binding contracts, the Standard MOU includes key elements such as scope of cooperation, roles and responsibilities, and confidentiality provisions. While generally non-binding, certain provisions like confidentiality can be made explicitly binding. The document must comply with UAE federal laws and can be customized for various sectors and business relationships. It's particularly valuable in the UAE business environment where relationship-building and preliminary agreements often precede formal contracts.
