Memorandum of Understanding

Memorandum of Understanding

Author
Discussion

Ultraviolet

Original Poster:

623 posts

217 months

Friday 5th September 2008
quotequote all
All

any recommendations to formalising an agreement for a new venture, before a shareholder agreement can be put in place?
what sort of things should I consider and are there any templates anywhere I could use?

cheers,

UV

Ultraviolet

Original Poster:

623 posts

217 months

Saturday 6th September 2008
quotequote all
Cheers... it seems to be a pretty vague document actually... but I'll need to put something in place asap as my potential business partner is starting to 'reremember' previous verbal agreements.

UV

johnfm

13,668 posts

251 months

Saturday 6th September 2008
quotequote all
Well, if the venture is intended to make you some money, maybe you should invest in some legal fees on a decent commercial lawyer.

Ultraviolet

Original Poster:

623 posts

217 months

Sunday 7th September 2008
quotequote all
We would formalise things with a shareholder agreement / articles of association when the limited company is setup in the next week or so. This is just a covering document. Is an MOU appropriate? I will be getting a corporate finance guy to look over it.

UV