A Deal Memo is the final step in the offer process on the Vuulr platform. You accept the Deal Memo once you have agreed on the pricing and terms of the deal with the other party.
It contains all the agreed commercial terms, including the title, rights, platform, payment terms, material delivery, region and time period.
By clicking the Negotiations tab on the side bar, both parties will be able to see the progress of the deal. With the acceptance of an offer by both parties, the deal memo will be generated and sent out to both buyer and seller concurrently for review and acceptance.
Here’s what a sample deal memo looks like:
Click here to view the full deal memo
To review and accept the deal memo, you can simply click review deal memo.
Example of an incomplete Deal Memo as viewed by the Licensor
Example of an incomplete Deal Memo as viewed by the Licensee
Once you’ve reviewed the deal memo, click on the Accept/eSign to accept. Once acceptance is confirmed, the Deal Memo constitutes a firm and binding agreement for the organisations represented, until a more formal, long-form written agreement can be executed by both parties, optionally.
Our Deal Memo can also be exported and printed if you choose.