Joint Venture Term Sheet and Memorandum of Understanding
Term Sheets and Memoranda of Understanding That Settle the Deal Before the Lawyers Get Expensive
Get the commercial terms agreed on two pages, so the long-form agreement documents a deal both sides already understand.
- Advocates & Solicitors
- Offices in Kuala Lumpur & Johor Bahru
- Confidential, no obligation
Real lawyers, one team behind every matter
Who this is for
Sound familiar?
Joint venture partners agreeing the shape of a venture
Buyers and sellers settling headline terms before diligence
Investors and founders agreeing an investment before documentation
Parties tendering or bidding together who need to fix terms quickly
Anyone asked to sign an MOU and unsure what it actually commits them to
What's at stake
What is really at stake
- 01Two parties agree to work together.Everyone is enthusiastic. Someone suggests getting the lawyers to draft something, and eight weeks later the first draft arrives at forty pages with every fundamental question still open.
- 02Now the negotiation happens inside the long-form document, clause by clause, at full cost.Positions harden. What could have been settled in a meeting becomes a redline war.
- 03Or worse — the MOU that was signed to keep things moving turns out to be binding in ways nobody intended, and one party is committed to terms they thought were preliminary.
In plain words
Joint Venture Term Sheet and Memorandum of Understanding
A term sheet, memorandum of understanding, heads of terms or letter of intent records the commercial shape of a deal before the definitive agreement is drafted — and states clearly which parts are binding and which are not, so no one is committed by accident.
What good looks like
Imagine a two-page document both sides sign in a week. Contribution, shareholding, control, funding, exit — all settled. The long-form drafting then becomes execution rather than negotiation, and it costs a fraction of what it would have.
What you get
What we deliver
Scope and fee are agreed in writing before any work starts, so you know exactly what you are getting.
- 01
Working session to surface the terms that actually need settling
- 02
Drafted term sheet, MOU, heads of terms or letter of intent
- 03
Clear binding and non-binding provisions
- 04
Exclusivity, confidentiality and cost provisions where appropriate
- 05
Handover into the definitive agreement drafting
How we work
Clear from the first conversation
- 1
Send a short request
Tell us what the matter is about. It takes under a minute and stays confidential.
- 2
Akmal sets a time with you
We reply within 30 minutes in office hours to arrange your consultation, online or at our KL or JB office.
- 3
Advice, then a written proposal
You get a clear view of the issues and options, then a written scope and fee proposal.
- 4
Work begins on the agreed scope
Akmal leads the matter with a team of our lawyers, working to the scope you approved. You get regular updates at every key step.
Who leads your matter
Led by Akmal Saufi, supported by our team
Akmal leads your matter as Partner. Depending on the work, other lawyers in our team handle parts of it day to day, with Akmal overseeing the matter.
Akmal Saufi
Partner, Messrs Akmal Saufi & Co
- Advocate & Solicitor, Malaysia
- Over 13 years in transactional work: M&A, joint ventures, land and infrastructure
- LLB (Hons), International Islamic University Malaysia
The team behind your matter
Meet the team →Who we have acted for
Organisations we have acted for
Federal government agencies & statutory bodies
Johor state bodies & local authorities
Government-linked companies
Private sector & NGOs
Shown with permission. Government agencies, statutory bodies and government-linked companies are identified as such. Their inclusion does not imply endorsement by any government, ministry or agency.
Next step
Request a consultation with Akmal
- 1Send a short request. It takes under a minute.
- 2Akmal reviews it and arranges a time with you.
- 3You get clear advice, then a written scope and fee proposal.
We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm
Your details stay confidential. Sending a request does not mean you have appointed us.
- Licensed advocates & solicitors
- Professional indemnity insured
- Offices in KL & JB
Questions
Frequently asked questions
Still unsure? Send a short request and Akmal will tell you plainly whether and how we can help.
Is an MOU legally binding?
Can we skip the term sheet and go straight to the agreement?
What should a joint venture term sheet cover?
How long does one take to prepare?
The other side sent us their term sheet. Can you review it?
What is Legal That Works?
What if I’m not sure what legal service I need?
Who will be helping me?
Before you sign
The cost of waiting
Every fundamental term left out of the term sheet gets negotiated later at long-form drafting rates, with less goodwill in the room.
We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm
