These are some of the most common reasons for using such a document. This document is also called by different names. You can call it a statement of intent or a statement of intent form. Or you can take the easy route and download here a template for a memorandum of understanding. All you have to do is add your own terms and conditions in the document. PandaTip: A Memorandum of Understanding is a kind of cooperation agreement intended to document the understanding of certain parties (two or more) as to their cooperation in a project or in the achievement of a goal. Unlike a Memorandum of Understanding, it is more likely that a Memorandum of Understanding will impose certain obligations on the parties. A famous quote from Henry Ford said: „Coming together is a beginning. Cohesion is progress.