Memorandum of Understanding governed by the law of New York, United States
DealDocs sets the laws of the State of New York, without regard to its conflict of laws principles as the governing law when you choose New York, United States. The forum clause reads: “Each Party irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the Borough of Manhattan, City and State of New York, in respect of any dispute arising out of or relating to this document.”
Governing law
the laws of the State of New York, without regard to its conflict of laws principles
Legal system
Common law, a common law system, where statutes sit alongside a substantial body of judicial precedent that shapes how contract terms are actually read.
Conventional arbitration seat
New York, New York
Naming a party formed here
DealDocs' guided interview references the State of New York when you enter a party formed in New York, United States.
What's different about an MOU in New York, United States
New York's General Obligations Law 5-1401 lets parties choose New York law for contracts of USD 250,000 or more even with no other connection to New York, which is part of why it's such a common choice for cross-border deals. New York's preliminary agreement doctrine, from Teachers Insurance v Tribune, recognizes Type I agreements (fully binding even before a long-form contract) and Type II agreements (binding only to negotiate the remaining terms in good faith), and an MOU can accidentally fall into either category without careful drafting, which is why DealDocs' express no-duty-to-negotiate language exists as a countermeasure.
Build your MOU for New York now
The guided interview asks for the governing law up front, so the right jurisdiction-specific clauses are included automatically. Preview the full plain English guide and completeness check for free before you unlock the document.
Frequently asked questions
Can a New York MOU accidentally become fully binding?
Yes, under the Teachers v Tribune preliminary agreement doctrine, a Type I agreement can bind the parties to the deal itself even before a long-form contract, which is why explicit non-binding language matters.
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