Document background
The Memorandum of Contract is a vital legal instrument in Swiss business practice, commonly used when parties need to document their agreement in a more streamlined format than a full-length contract while maintaining legal enforceability. This document type is particularly useful for commercial arrangements where the key terms need to be captured clearly but concisely. Subject to Swiss law, particularly the Code of Obligations, it must include all essential elements for a valid contract while remaining flexible enough to adapt to various business contexts. The Memorandum of Contract is especially valuable in situations requiring quick execution or where parties prefer to avoid lengthy negotiations over complex contract terms while still maintaining legal certainty. It typically includes core commercial terms, party obligations, and key conditions, making it suitable for both straightforward business arrangements and as a preliminary agreement in more complex transactions.
