PandaTip: A memorandum of understanding doesn’t typically form any legal obligations for the parties involved. It is like a formalized handshake or a method of documenting good faith negotiations or certain agreements expected in an agreement currently being worked out by the parties. This memorandum of understanding assumes a future reseller or product distribution agreement.
This Memorandum of Understanding (this “Memorandum of Understanding” or this “MOU”) is made and entered into as of [EFFECTIVE DATE] (the “Effective Date”), by and between [RESELLER] (“Reseller”), with an address at [RESELLER ADDRESS], and [COMPANY] (“Company”), with an address at [COMPANY ADDRESS]. This Memorandum of Understanding sets forth the understanding of the parties related to Company’s appointment of Reseller, and this Memorandum of Understanding shall expire upon the earlier of [NUMBER OF MONTHS] months following the Effective Date, unless it is extended by written modification, or a written successor agreement pertaining to the subject matter of this MOU.
Download document backgrounds stock photos. Affordable and search from millions of royalty free images, photos and vectors. These statements are based on the assumption that your background screens return clear and free of any disqualifiers. There is a new background check/screening application form that will be available on our website. It is also included as the last page of this memo. The application form is a fillable PDF document. In this memo, the writer has addressed the heart of the incident — the advertisement, the sale of the coats, the arrival of the unhappy shopper — in chronological order in the first paragraph; a second paragraph collects relevant background information about the client. Not to be confused with a private placement memorandum or credit memo, a memo letter is a type of business letter used mostly for internal communication within a company, organization, or school. The specific sections of a memo may differ depending on the content, but many memos include: 1. Header (to, from, date, subject) 2. Summary of memo 3. Background and context 4. Recommendations 5. Limitations and barriers 7. Conclusion Key Questions.
WHEREAS, in connection with the establishment of a business relationship between the parties whereby Reseller would sell Company products in [TERRITORY] (the “Territory”), and the parties negotiation of a reseller agreement, the parties wish to set forth their current understanding and certain agreements made to date with respect to such relationship.
BACKGROUND. Company is the owner of the following products (the “Products”), which it desires for Reseller to resell in the Territory:
PandaTip: You can describe the products in this space or refer to a product catalog, if you have one.
PURPOSE. The purpose of this MOU is to set forth certain understandings of the parties in relation to the terms and conditions to be agreed between Company and Reseller in a reseller agreement.
UNDERSTANDINGS. The parties set forth their understandings under this MOU with respect to the reseller agreement as follows:
PandaTip: It goes without saying that the below terms assume a specific arrangement which in many cases may be different from your specific arrangement. Tailor as appropriate.
- Company will ensure that a sufficient number of its resources have been assigned to support Reseller in any related services.
Company intends to produce and sell the Products to existing resellers, including Reseller, without any change, modification, or alteration for a term not to exceed the first twelve (12) months.
Following the initial twelve (12) months, Company will endeavor to further develop, improve and enhance the Products over time.
With respect to any reseller agreement, the following minimum terms will apply:
To provide a neutral, internationally recognized governing law and jurisdiction, the reseller agreement will be under the laws of the State of [STATE] in the United States and the parties will submit to exclusive jurisdiction and venue in [COUNTY], [STATE].
The term of the agreement will be for a minimum term of two (2) years, without any termination for convenience on the part of Company, and will automatically renew for additional one (1) year periods. The agreement may only be terminated by Company at the end of the initial term or any renewal term upon ninety (90) days prior written notice.
Reseller will be granted exclusive reseller rights in the Territory for the term of the agreement.
Exclusivity in the Territory will be contingent on Reseller maintaining a minimum sales volume of 15 units in the first year and 15 units in subsequent years, subject to Company fulfilling any obligations under the agreement that may impact Reseller’s ability to achieve these sales volumes.
Reseller will continue to provide first and second level customer support on all matters pertaining to the Products.
Incremental support by Company, if requested by Reseller, will be charged at a design services rate of [SERVICES RATE] per hour.
All prices between Company and Reseller will be in US Dollars (USD) and Company will sell the Products to Reseller at the following prices:
In order for Reseller to maintain a healthy margin and to be afforded adequate flexibility to price the Products for customers in the Territory competitively, the aforementioned prices will not be subject to change for any reason within the first 12 months of the Agreement.
Company is committed to exercising best efforts to implement design changes and continuous improvement initiatives in order to maintain competitiveness in cost and quality. Engineering certificate online. The prices above include any such changes to the Products.
Throughout the term of the agreement plus 12 months following expiration or termination of the agreement, Company and any associated entity or individual will not (without Reseller consent) directly or indirectly initiate, solicit, negotiate, contract or enter into any business transactions, agreements or undertakings with any third party customer identified or introduced by Reseller.
Customer requested integration services will be treated as custom design services, and will be rendered at the above Company rate.
Company agrees that lead times for delivery of Products will be [DELIVERY TIMEFRAME]. If Company does not meet these lead times, Company and/or Reseller will have the right to procure similar products from other sources in order to meet contractual obligations Reseller has with its customers.
Company will provide Reseller with one (1) demonstration unit at no cost, to be used for customer presentations, demos, and other such marketing activities. The unit will remain the property of Company, but will be available for the term of the agreement, for exclusive use by Reseller.
IN WITNESS WHEREOF, by their signatures below, the parties have caused this Memorandum of Understanding to be executed and effective as of the Effective Date.
[NAME], [TITLE] DATE
[NAME], [TITLE] DATE
A Memo is used to communicate an important announcement and/or news among staff members in a department or organization. Such documents help people remain up to date with current company affairs. A memo template helps anyone to quickly create professional yet creative memos quickly and efficiently.
Memorandum is described as a kind of communication tool to share information. A supervisor generally writes a formal notice to workforce notifying them of new policies. Memorandums are regularly abbreviated as memos. You can consider Memos just like a short form of a letter. There may be a heading written in bold or italics for immediate attention. It might ask for authorization to do something from higher level management. Memos usually consist of sections just like to, from, date, subject and textual content of memo. The fundamental purpose of Memos is actually to resolve a specific problem by making the reader informed of it. Memos could be written to convince others or present specific feedback on a specific matter. Memos could be very successful in relating the focus or topic of the author with the best motivations of the audience.
A Memo Document will be considered complete if it includes following items,
- Body of Memo
However it is perfectly safe to add more fields as needed.
Memo templates are very helpful for entrepreneurs to dispatch their communications or facts concerning their business. And in case you are seeking such templates, then below we are going to share a professional quality memorandum template. It is designed employing MS Word 2013/17 so you have to acquire the same or newest version of MS Word in your computer in order to alter and use it. Anytime you are in need of memo just acquire this template and start creating your own Memorandum quickly and efficiently. it is effortless to write and will stop wasting your lot of time.
You just need MS Word to be installed on your PC before you can plan to use this template. These memo template are having colorful background but it will also print and look great on black & white printers.
An office memo is a draft used as a mean of communication between different workers of an organization for conveying messages in a better form. It has many advantages of running a successful business.
The memo is the short form of memorandum and basically an office memo is a written message that is conveyed by one person to the other person working in the same organization. The actual meaning of the memorandum is a note that is used for assisting the memory. When it comes to office memorandum, then it is that written note or communication note that is used between the workers of the same organization for running a successful business. An office memorandum can be used for the following purposes:
- For issuing the instructions about the project to the staff.
- For giving as well as seeking instructions.
- For communicating with the staff regarding the change in the policies.
- For requesting any kind of help and information for the confirmation of any decision that arrives on the telephone or by email.
An office memo can be filed for any reference with regard to the future. Therefore, it acts as an evidence for serving for legal issues. With this internal short note that is known as office memorandum, the information about the business is also exchanged between the superiors and the subordinates of the organization and it helps them to coordinate with each other in a better way as they can get all the details about the project through this note. A memo can be used for various purposes. There are a lot of advantages of making an office memorandum as this is one of the most common and the best way for a writer to communicate with the organization.
Always proof read your memo to avoid any error. Use business copy writing software packages to eliminate any oversight. Various software programs enhance your text with adjectives and adverbs, which elevates the straight forward sentence firmly into more competent and refined one.
Suitable Uses of these Memo Templates:
Being colorful, this template is intended for following organizations.
- Advertisement Firms
- Graphics Design Department or Companies
- Architects or Building Construction
- Artistes or Writers
Memo Report Template
Some of the most common advantages of writing a Memo using existing Memo Templatesare:
It saves time:
Many organizations use the memorandums in printed form because a printed memo takes less time in drafting it.
The cost of communication by means of an office memorandum is usually less and affordable as compared to others.
Another advantage of making a memorandum is that it provides all the basic information about every level that occurs within that business.
As memo is a written document, so it can be very easily used for references in the future.
Maintenance of Good Relationship:
A good office memorandum also helps in maintaining good relationship between the boss and the subordinates because usually the attitude of the boss is not present there.
While drafting an office memo, no formality is necessary as usually the inside address, complimentary closing and salutation are omitted in the draft.
Informs about the Decisions and Actions:
Another advantage of creating a memo is that it helps in informing about the decisions and the actions. For the purpose of informing about the decisions and the actions, it must be written by any higher authority.
Meme Backgrounds Spy
Requests for the Decisions and Actions:
The office memorandum also helps in requesting for the decisions and actions and for this requesting purpose, the memo must be drafted by the subordinate of the organization.
Remain Someone for the Purpose of Action:
A memo is also drafted for reminding someone about the action only if it is required.
Related Word Templates: