Document background
The Simple MOU is a fundamental document in Indonesian business practice, commonly used as an initial step in establishing business relationships and partnerships. It serves as a preliminary document that outlines the parties' intentions and basic framework for cooperation before entering into more detailed, binding agreements. This document type is particularly relevant in the Indonesian context where businesses often prefer to establish formal relationships gradually. The Simple MOU typically includes basic terms such as scope of cooperation, non-binding nature, confidentiality, and duration, while complying with Indonesian legal requirements. It's especially useful for cross-border relationships where parties need to document their preliminary understanding while conducting due diligence or negotiating detailed terms. The document must comply with Indonesian law, including language requirements under Law No. 24 of 2009 and basic contract principles under the Indonesian Civil Code.
