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A Memorandum of Understanding (MOU) is an agreement outlining the roles and responsibilities of people in a collaboration. These documents are important because they list the critical points of a relationship between entrepreneurs and strategic partners.
This sample legal agreement covers terms and conditions relevant to strategic partnering, including language on transaction structure, due diligence, and financing. It uses a real estate transaction as its example, but the agreement's structure and terminology can be broadly applied.
This tool will help you identify current networking activity, assess its effectiveness, and identify groups that can expand and build your business network.
Considering your goals for business, this tool will help you identify operational systems necessary to support these goals.
Read the example to learn how one company documented their operation systems and workflow to reach their goal of using shared knowledge to increase sales.
This tool will help you and your attorney outline the key elements of a mutual value proposition as well as anticipate and address questions that will likely be posed by prospective partners.
This tool will help establish criteria and performance standards for one job description.
This tool guides the entrepreneur through the process of developing a preliminary forecast, which is used to judge the accuracy and reasonableness of financial figures prior to creating a detailed line-by-line budget.
This sample distribution agreement template includes terms for strategic partner responsibilities and obligations, such as shipment and delivery of product, as well as language covering confidentiality and termination.
Before building a detailed line-by-line budget, entrepreneurs should prepare a preliminary forecast, projecting estimates of the primary components of profitability--sales, cost of goods sold, and operating expenses.
The tips in this article will help your presentation be a bridge between what you have and what your audience wants.
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