Document background
The Employment Memorandum Of Understanding is utilized in the Nigerian employment context as a preliminary document to establish mutual understanding between employers and potential employees before finalizing a formal employment contract. It is particularly valuable when dealing with senior positions, complex employment arrangements, or when a cooling-off period is desired before formal engagement. The document typically includes proposed terms such as role, compensation, and basic obligations while maintaining flexibility for further negotiation. While governed by Nigerian law and following the principles of the Labour Act, this MOU is generally non-binding except for specific provisions like confidentiality and good faith negotiations. It serves as a crucial tool in the pre-employment phase, especially in corporate settings where detailed employment terms need to be agreed upon in principle before proceeding with formal documentation.
