Document background
The Standard Memorandum of Understanding (Standard MoU) is commonly used in Danish business practice as a preliminary step before entering into formal binding agreements. It serves to document the parties' intentions and understanding while negotiations or due diligence are ongoing. This document type is particularly valuable in Danish business culture, which emphasizes clarity and mutual understanding in commercial relationships. The Standard MoU typically includes provisions that comply with Danish contract law principles while maintaining flexibility for different business contexts. It's especially useful in situations where parties need to outline their proposed cooperation, share confidential information, or establish basic principles for future negotiations, while clearly indicating which provisions are binding (such as confidentiality) and which are not.
