You've been negotiating with the other side and have finally nailed down most of the terms. You want to memorialize those terms in a preliminary agreement or memorandum of understanding, but make everything subject to a final written formal document in case you still can't agree on the final terms. Is an express reservation that the agreement is not final until formalized and executed sufficient to protect you and your company?
This resource is only available to our paid members. You can Join Us or Sign in to get access to this resource.