Both documents likely identify all the conditions that need to be resolved before the deal closes. The document also deals, as a rule, with the deadlines and deadlines for the transaction, the price and the method of payment. Other aspects that may be included in the Memorandum of Understanding or Memorandum of Understanding are guarantees relating to negotiable instruments, a list of total liabilities and total assets, and the operating condition of all appliances and machinery at the time of purchase. A memorandum of understanding is a document that is often used for mergers and acquisitions and records the preliminary terms of an agreement. Although non-binding, the Memorandum of Understanding provides an important overview of the main terms agreed by the parties to the transaction. Many internal agreements are soft, as they take less time and are easier to modify if necessary. Some examples of MoUs are as follows: MoUs and LoIs are similar in that they outline the two specific agreements on which all parties have agreed, including confidentiality and arbitration agreement in case of disagreement. These can be modified during the negotiation process if necessary. The terms, actions and conditions set out in a Memorandum of Understanding shall be signed by all parties who agree to it. A statement of intent likely has a number of different aspects and varies depending on the degree of specificity and nature of the transaction.