Document background
The Memorandum Of Understanding Between Two Partners under Swiss law is a versatile document used to formalize preliminary understandings between parties considering a formal collaboration or business relationship. It is particularly valuable in Switzerland's international business environment, where parties often need to document their intentions before committing to binding agreements. While generally non-binding, the MoU can sometimes have binding elements under Swiss law if specifically drafted as such. It typically includes key terms of the proposed collaboration, confidentiality provisions, and basic frameworks for future cooperation. This document type is especially useful in cross-border situations, leveraging Switzerland's reputation for neutral and reliable business practices. The MoU serves as a stepping stone to more detailed agreements while providing a clear record of the parties' initial understanding and intentions.
