Memorandum of Understanding (MOU) for Purchase & Supply of Products
This MOU creates a framework for partnership and alignment between manufacturers and/or suppliers of cleantech products and the companies who install them. Companies that desire to install and/or incorporate a specific manufacturer's or supplier's products utilize this type of MOU to ensure a dependable supply of products for their solar, storage and/or microgrid business. Among the optional provisions of this MOU are sections that provide for product exclusivity based on defined territories, short-term and long-term forecasting, purchase order and supply commitments, communication and partnership efforts, co-marketing activities, new market and joint prospect collaboration, product pricing protection, confidentiality, technology ownership rights, indemnification and other essential elements to this type of business relationship. The goal of this MOU is to provide a roadmap for a strong partnership that will result in short-term and long-term, mutual profitability.