![]() “With MOUs, no big surprises are waiting while signing a contract later. By filling in a basic questionnaire, they readily generated MOUs dynamically, and signing was seamless with SpotDraft's native e-signature capability. Business teams achieved faster creation and execution of the MOU, utilizing pre-approved language and complete automated workflows. Also, they got rid of the long back-and-forth communication trails. ![]() They considerably reduced legal's mundane work, eased legal review, and saved time focusing on other high-priority tasks. Also, they wanted to set up complete workflows and template their MOUs within the CLM system. They were looking for an agile contract repository. They have contracts across G-Drive, Sharepoint, or similar storage solutions. Usually, the healthcare service provider has the common practice of signing MOUs for their new business partnerships. How a healthcare client has templatized MOUs with SpotDraft? Challenges faced. Pro tip: For an MOU to become a legally binding agreement, it must contain one or more of the following: an offer, an acceptance of the offer, and a payment schedule or similar terms.
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