Memorandum of Understanding

This Memorandum of Understanding ("MoU") is entered into as of , by and between:

• Party A:
• Address:
• Party B:
• Address:

1. Purpose

The purpose of this MoU is to establish a framework for collaboration and define ownership, use, and protection of intellectual property created and/or shared by the Parties.

2. Definitions

For the purposes of this MoU, the following definitions apply:

• Intellectual Property ("IP"):
• Confidential Information:

3. Ownership of Intellectual Property

The Parties agree that all intellectual property developed jointly under this MoU shall be owned as follows:

4. Use of Intellectual Property

The Parties shall use the intellectual property as follows:

5. Confidentiality

Each Party shall maintain the confidentiality of information exchanged under this MoU as follows:

6. Duration and Termination

This MoU will be effective from the date first above written and will continue as follows:

7. Miscellaneous

• Nothing in this MoU shall be construed as creating a legal partnership, joint venture, or other relationship.
• Any amendments must be made in writing and signed by both Parties.
• This MoU does not require either Party to enter into any further agreement.