Memorandum of Understanding governed by the law of Spain
DealDocs sets the laws of Spain as the governing law when you choose Spain. The forum clause reads: “The Parties expressly submit to the exclusive jurisdiction of the courts of the city of Madrid, Spain, waiving any other forum to which they may be entitled.”
Governing law
the laws of Spain
Legal system
Civil law, a civil law system, where rules are drawn primarily from codified statutes rather than from a body of judicial precedent.
Conventional arbitration seat
Madrid, Spain
Naming a party formed here
DealDocs' guided interview references the Kingdom of Spain when you enter a party formed in Spain.
What's different about an MOU in Spain
Spanish case law recognizes pre-contractual liability for the unjustified rupture of advanced negotiations, grounded in the general duty of good faith; damages are limited to reliance costs rather than the lost profit of the deal that never happened, which shapes how far a party can walk away from an MOU without consequence.
Build your MOU for Spain 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 walking away from MOU negotiations create liability in Spain?
Yes, for unjustified rupture of advanced negotiations, but damages are limited to reliance costs, not the lost value of the deal.
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