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Memorandum Of Understanding Between Supplier And Buyer
"I need a Memorandum Of Understanding Between Supplier And Buyer for a Singapore-based electronics manufacturing company looking to establish a non-exclusive supply relationship with a components supplier in Malaysia, with an expected commencement date of March 2025."
1. Parties: Identification and details of the supplier and buyer
2. Background: Context and purpose of the MOU
3. Definitions: Key terms used throughout the document
4. Scope of Understanding: Overview of the business relationship and intentions
5. Term and Duration: Period of validity and effectiveness
6. General Terms: Basic principles of cooperation
7. Signatures: Execution by authorized representatives
1. Confidentiality: Protection of sensitive information and terms of non-disclosure between parties
2. Exclusivity: Terms defining exclusive business relationship between parties
3. Intellectual Property: Provisions regarding IP rights, transfer, and usage
4. Dispute Resolution: Procedures for resolving disagreements and choice of jurisdiction
1. Product Schedule: Detailed list of products or services covered under the MOU
2. Pricing Schedule: Indicative pricing structure and commercial terms
3. Timeline Schedule: Key milestones, deadlines and important dates
4. Contact Details: List of key personnel and communication protocols for both parties
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