ADVANTAGES OF MEMORANDUM OF UNDERSTANDING
DESCRIBE RELATIONSHIP: The Memorandum Of Understanding shall contain all the details of parties and the objective of their partnership which will clearly establish the relationship between the parties and thereby avoid any confusion in the future.
FASTER NEGOTIATION: As the terms are already set out in the Memorandum Of Understanding, the parties need not be stuck at creating terms every time they enter into an agreement which makes the negotiation process between the parties to be done much faster.