Most MOUs are not legally binding, but they can include binding provisions if clearly stated, such as confidentiality or exclusivity.

Overcommitting - such as granting long exclusivity or including too much detail - can lock you into unfavorable terms before negotiations are complete.

Yes, unless you are bound by specific provisions. However, backing out without good reason may damage future relationships.

LOIs outline deal terms upfront, giving both sides confidence before investing in due diligence and full contract drafting.

Most of an LOI is non-binding, but certain provisions like confidentiality and exclusivity are enforceable.

If you handle personal data, a DPA ensures compliance with GDPR, CCPA, and similar laws. Many enterprise clients require it before signing.

Usually the customer, though the provider may retain limited rights to use the data for service delivery, analytics, or improvements.

Yes, especially in B2B deals. SLAs provide uptime guarantees and remedies for service failures, which are critical for enterprise customers.

Traditional licenses transfer a copy of the software, while SaaS Agreements grant access to use the software as a service without ownership.

It depends on the agreement. Without clear terms, disputes often arise over whether the licensee or licensor owns enhancements.

They can be flat fees, per-user charges, or revenue-based percentages. Audit rights are critical to confirm accurate reporting.

Exclusivity can motivate partners but carries risk. If granted, tie exclusivity to performance obligations like sales targets or minimum royalties.

Selling transfers ownership permanently, while licensing allows others to use your IP under defined terms while you retain ownership.

Exclusivity can motivate partners but carries risk. If granted, tie exclusivity to performance obligations like sales targets or minimum royalties.

Selling transfers ownership permanently, while licensing allows others to use your IP under defined terms while you retain ownership.