Memorandum Of Understanding For Business Partnership Template for Nigeria

1. Exclusivity: Agreement not to discuss similar arrangements with other parties during a specified period

2. Intellectual Property: Preliminary agreement on ownership and use of IP when relevant to the partnership

3. Dispute Resolution: Framework for resolving disagreements during the MOU period

4. Press Releases and Announcements: Agreement on public communications about the proposed partnership

5. Costs and Expenses: Agreement on how costs during the MOU period will be handled

6. Due Diligence: Framework for information sharing and due diligence process

7. Regulatory Compliance: Acknowledgment of regulatory requirements and approvals needed

8. Force Majeure: Provisions for unforeseen circumstances affecting the MOU implementation

1. Schedule 1: Initial Business Plan: High-level overview of proposed business activities and objectives

2. Schedule 2: Timeline and Milestones: Detailed timeline for partnership development and key decision points

3. Schedule 3: Resource Allocation: Preliminary breakdown of anticipated resources and contributions

4. Appendix A: Contact Details: Key contact persons and their details for each party

5. Appendix B: Confidential Information: Definition and categories of information considered confidential

6. Appendix C: Due Diligence Requirements: List of documents and information required for due diligence