Document background
A Simple MOU is commonly used in Singapore when parties wish to formalize their preliminary discussions or intentions without creating full legal obligations. This document type is particularly useful in the early stages of business relationships, where parties need to outline basic terms before proceeding to more detailed agreements. The Simple MOU typically includes key aspects such as the scope of cooperation, timeline, and basic responsibilities, while maintaining flexibility for future negotiations. Under Singapore law, these documents can be structured to be either binding or non-binding, depending on the parties' intentions.
