Drafting Checklist for Joint Venture Memorandum of Understanding

Negotiating and operating a joint venture is a time-consuming and risky undertaking that requires a good deal of advance thought.  It is generally recommended that the parties take the time to sit down and hammer out the basic terms in a memorandum of understanding to identify potential issues and problems and lay out the timeline for proceeding.  A checklist of topics typically covered as part of any comprehensive "MOU" is a helpful business tool.  

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