Document background
The Memorandum of Interest (MOI) is a strategic document used in the initial stages of potential business relationships or transactions under Austrian law. It serves as a preliminary step before more detailed agreements, allowing parties to formally express their interest while maintaining flexibility. The document typically includes information about the parties, their preliminary intentions, areas of mutual interest, and any immediate next steps, while generally remaining non-binding except for specific provisions such as confidentiality. It's particularly useful in complex business scenarios where parties need to document their preliminary discussions and establish a framework for further negotiations, while adhering to Austrian legal requirements, particularly those outlined in the ABGB (Austrian Civil Code) regarding pre-contractual obligations and good faith negotiations.
