Document background
The Memorandum of Understanding Between Landowner And Developer is a crucial preliminary document used in Philippine real estate development projects when parties wish to formalize their initial understanding before committing to a full development agreement. It is typically used when a developer has identified a potential development opportunity and needs to conduct due diligence while securing exclusive negotiation rights with the landowner. The document reflects Philippine property law requirements and includes essential provisions for property investigation, confidentiality, and the framework for moving toward a definitive agreement. It serves as a stepping stone to more detailed agreements while protecting both parties' interests during the preliminary phase of their relationship. The MOU is particularly important in the Philippine context where property development often involves multiple stakeholders and regulatory requirements at both national and local levels.
