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MOU & Agreement Drafting – Who is it for and what are the benefits
In conducting business agreements, a Memorandum of Understanding is a familiar thing to hear. But in general, both parties re-create an agreement that reorganises the mechanism of cooperation before the cooperation is carried out.
Both the MoU and the memorandum of understanding are crucial documents that must be carefully drafted to avoid misunderstandings in future collaborations.
With assistance from LetsMoveIndonesia’s legal consultants, we guarantee and ensure that your MoU and Memorandum of Agreement are drafted and formalised in accordance with the latest legal provisions applicable in Indonesia.
Common Questions
What kind of MoU and Agreements are commonly required by PT and PMA?
A company would always likely require partnership, by then, to ensure the company got the best and fair agreement, an MoU will be required before proceeding into agreements. The type varies from what kind of business and partnership is done.
How long is it to draft one agreement?
That depends on the content of the agreement, it could only take a day or even a week long.
What is the critical difference between MoU and Agreements?
While MoU is not bonded as Collateral Rights, Agreements, however, will bind both parties to a Collateral Rights.
Steps to get your Alcohol Licenses with LetsMoveIndonesia
Discuss the type of agreement you would like to draft and the requirements specified by your business.
Our legal consultant will draft the agreement according to your brief.
The agreement will be sent to you for review. The maximum review will be 2 times.
Requirements
The requirements depend on what kind of agreement your business would like to draft. However, make sure to let our consultant know about the specific information you would like to insert into the agreement.
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