Document background
The Memorandum of Contract is widely used in Belgian business and legal practice as an efficient way to document contractual arrangements. This document type is particularly valuable when parties need to formally record their agreement without the complexity of a full-length contract. Under Belgian law, it must include certain essential elements to be legally valid, such as clear identification of parties, subject matter, and key terms. The Memorandum of Contract is especially useful for business transactions, service agreements, and commercial arrangements where parties want to maintain a clear record of their obligations while keeping documentation streamlined. It can serve as either a standalone agreement or a precursor to a more detailed contract, making it a versatile tool in Belgian commercial practice.
