Binding MOU Clause Samples
A Binding Memorandum of Understanding (MOU) is a formal agreement between parties that outlines specific terms and obligations, and is legally enforceable. Unlike a non-binding MOU, this clause ensures that the commitments made—such as timelines, deliverables, or payment terms—are not merely statements of intent but are obligations that can be upheld in court. By establishing clear, enforceable expectations, a Binding MOU provides certainty and legal protection for all parties, reducing the risk of misunderstandings or disputes during the collaboration.
POPULAR SAMPLE Copied 834 times
Binding MOU. Each Party agrees that the terms of this MOU are valid, legally binding on, and enforceable against such Party.
Binding MOU. Notwithstanding any other provision of this MOU, the parties agree that this MOU constitutes a legal, valid and binding agreement of each party, and is enforceable against each party in accordance with its terms.
Binding MOU. This MoU is a binding agreement by and between the parties and enforceable against each of the parties in accordance with its terms.
Binding MOU. This MOU, including the terms set forth on Exhibit A attached hereto (the “Term Sheet”), shall be binding and enforceable against each Party in accordance with the terms hereof until it is terminated or expires pursuant to the terms of this MOU.
Binding MOU. Each Party agrees that the terms of this MOU are valid, legally binding on, and enforceable against such Party. This MOU, sets forth the entire understanding of the Parties with respect to the subject matter hereof, and supersedes all prior oral and written agreements, understandings, representations, conditions and all other communications relating thereto.