1+1 = 100

APPENDIX

Sample Memo of Understanding

This is a memo of understanding (MOU) for Company 1 of Location to purchase Product Name from Company 2 of Location. This MOU is not a purchase order. It defines in general the terms and conditions that apply to purchase orders issued by Company 1 to Company 2 for goods and services and the overall business relationship between the parties. This MOU will begin on Date, Year, and will automatically renew each year thereafter until terminated by mutual agreement of the parties. Terms and conditions of this MOU are given below.

Forecasts and Purchase Orders

A rolling seven-month forecast will be provided to Company 2 by Company 1. In addition, Company 1 will issue firm purchase orders for the first 90 days of ...