Sample Document for Memorandum of Understanding Joint Venture…
MEMORANDUM OF UNDERSTANDING _____ (A) and _____ (B) wish to set out in this Memorandum the principles of a proposed joint venture in the field of _____. Each party has various interests in the field [in the _____ region.]] The parties wish to establish a 50/50 joint venture to [consolidate their interests in the field] so as to enable them to develop the …