Document background
The Collaboration MOU is a strategic document used when organizations wish to formalize their intention to work together while maintaining flexibility in their commitments. This document type is particularly useful in the Austrian business context, where preliminary agreements often precede formal contracts. It serves as a roadmap for collaboration, outlining the parties' shared objectives, intended contributions, and basic principles of cooperation. While governed by Austrian law, the MOU is deliberately non-binding in nature (except for specific provisions like confidentiality), making it ideal for situations where parties want to document their intentions and basic framework for cooperation before entering into more detailed, binding agreements. The document typically precedes more formal contractual arrangements and is especially valuable for international collaborations where one or more parties operate under Austrian jurisdiction.
