Memorandum of Understanding
Memorandum of Understanding
This template is absolutely necessary minimum documentation you need when someone joins your project - to protect yourself, your project and prevent future disagreements.
It outlines the parties expectations - commitment, compensation, confidentiality, expenses, intellectual property rights protection and protects personal liability of the parties.
It is a framework agreement for potential cofounder trial period.
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Why You Need This Template
One of the best and most recommended steps to do before committing with your future potential cofounder is to try to work together - cofounder trial period. To do that in a safe and right way, you need a clear framework - for yourself, your idea, and your future company.
Without that, it is a risky stage, for which you can later pay with disputes, IP loss, or personal liability.The Memorandum of Understanding (MoU) for Cofounder Trial Period gives you a simple, professional framework to work safely together before you formalize your partnership.
It’s the bare minimum protection every founder should have when testing a potential cofounder — written in plain language, not legalese.Inside, you’ll find clear sections covering:
Commitment and contribution expectations
Expenses and compensation terms
Confidentiality and IP protection
Ownership of work created during the trial
Personal liability safeguards for both parties
💡 It’s not a full legal contract — it’s the smart middle ground between “nothing on paper” and spending fortune on lawyers before you even started.
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This template is made for founders in the early stages of team formation, when someone starts contributing to your project but you’re not ready for full incorporation or equity agreements yet.
Use it if you’re:
Exploring collaboration with a potential cofounder.
Letting someone test their fit before joining officially.
Protecting your project’s IP, data, and future equity while keeping things flexible.
Wanting clarity on contributions, roles, and commitment without lawyers or complex contracts.
Whether you’re two people testing an idea or a growing startup bringing on new partners, this document helps you work together with trust and protection from day one.
Founders’ experience
Interested in a different template?
Each stage of cofounding comes with different challenges. From finding the right partner to setting up fair agreements. Our templates are designed to guide you through every step.
About Dr. Jana Nevrlka
This tool was created by Dr. Jana Nevrlka, cofounding expert, author of Cofounding The Right Way, cofounding expert and mediator - to help as many founders as possible.
Combining business, legal, and entrepreneurial experience (including both successful and failed startup), Jana helps founders build strong cofounding teams and prevent the conflicts that sink most startups. She has worked with thousands of founders, startup teams, and investors worldwide, delivering practical tools for cofounder agreements, equity splits, and building resilient teams.