Document background
The Simple Memorandum of Understanding is a crucial preliminary document used in Swiss business and institutional relationships to establish the framework for potential cooperation or business arrangements. It serves as a documented understanding between parties before entering into more detailed, binding agreements. While generally non-binding under Swiss law, it can include specific binding provisions such as confidentiality obligations. This document type is particularly useful in situations requiring a formal acknowledgment of mutual interests and intended cooperation, whether in commercial, research, or institutional contexts. The MoU helps parties align their expectations and document their intentions while maintaining flexibility for future detailed negotiations. It typically precedes more formal agreements and is often used in cross-border situations where Swiss law provides a neutral governing framework.
