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Memorandum of Understanding

Documents agreed terms between parties before a formal contract is signed. Establishes intent, roles, and timeline without full legal commitment.

Why you need one

Agree before committing

Locks in key terms and intent so both parties are aligned before investing in a full contract.

Good faith baseline

Creates a documented expectation of good-faith negotiation toward a formal agreement.

Non-binding clarity

Explicitly states this is not a binding contract — protecting both parties while they finalize terms.

Timeline and roles

Defines who does what, by when, and what the next steps are.

How it works

01

Answer a few questions

Takes about 10 minutes. Progress is saved as you go.

02

Pay a flat fee

Stripe checkout — cards + Apple Pay + Google Pay accepted.

03

Our expert team drafts it

State-specific, reviewed by an expert or partner attorney. 2 business days.

04

Download + sign

Delivered to your /account dashboard. Sign digitally or print + notarize.

What's in your document

  • Purpose & scope
  • Roles & responsibilities
  • Timeline & milestones
  • Confidentiality
  • Non-binding statement
  • Termination

Make it legal — after you receive it

1

Review together

Both parties should review and agree on every term.

2

Both parties sign

Signatures show good-faith agreement, not binding commitment.

3

File for reference

Keep as a reference when negotiating the final contract.

This is not legal advice. We draft legal documents and our team includes licensed experts who review each one, but we are not your law firm and nothing we deliver constitutes legal advice for your specific matter. Read our full disclaimer.

Competitor pricing checked against Rocket Lawyer and LegalZoom public pricing; excludes fees and may change. See our price sources for capture dates.

Flat fee — no subscription
$39
Rocket Lawyer $30LegalZoom $79
  • State-specific — every state's format supported
  • Delivered to your /account dashboard within 2 business days
  • CPA + attorney review before delivery
  • Free amendments for 30 days