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We draft and negotiate Memorandum of Understandings (MoUs) in relation to mergers & acquisitions (M&As), commercial property transactions, financing arrangements, and pharmaceutical agreements. MoUs are frequently entered into in Ireland to set out the principal terms and conditions on which the parties are willing to contract with each other. There is a general presumption that an MoU is not legally binding. However, whether in fact the terms of an MoU will be deemed legally binding or non-binding will depend on the individual document and the surrounding circumstances. It is crucial to obtain legal advice prior to entering a MOU.