Hmm... there's an interesting disclaimer at the end of the document. It's "for informational purposes only and does not constitute... legal advice."
This sample Memorandum of Terms has been prepared by Wilson Sonsini Goodrich & Rosati for informational purposes only and does not constitute advertising, a solicitation, or legal advice. Neither the transmission of this sample Memorandum of Terms nor the transmission of any information contained in this website is intended to create, and receipt hereof or thereof does not constitute formation of, an attorney-client relationship. Internet subscribers and online readers should not rely upon this sample Memorandum of Terms or the information contained in this website for any purpose without seeking legal advice from a licensed attorney in the reader’s state.
The information contained in this website is provided only as general information and may or may not reflect the most current legal developments; accordingly, information on this website is not promised or guaranteed to be correct or complete. Wilson Sonsini Goodrich & Rosati expressly disclaims all liability in respect to actions taken or not taken based on any or all the contents of this website. Further, Wilson Sonsini Goodrich & Rosati does not necessarily endorse, and is not responsible for, any third-party content that may be accessed through this website.
I am guessing that ending it with "We are not your lawyers and have no obligation to provide you with advice tailored to your specific circumstances, the laws of your state may differ from those of California; if you are too dumb to figure this out you have no business founding a company." would probably not pass muster with a court :)
This sample Memorandum of Terms has been prepared by Wilson Sonsini Goodrich & Rosati for informational purposes only and does not constitute advertising, a solicitation, or legal advice. Neither the transmission of this sample Memorandum of Terms nor the transmission of any information contained in this website is intended to create, and receipt hereof or thereof does not constitute formation of, an attorney-client relationship. Internet subscribers and online readers should not rely upon this sample Memorandum of Terms or the information contained in this website for any purpose without seeking legal advice from a licensed attorney in the reader’s state.
The information contained in this website is provided only as general information and may or may not reflect the most current legal developments; accordingly, information on this website is not promised or guaranteed to be correct or complete. Wilson Sonsini Goodrich & Rosati expressly disclaims all liability in respect to actions taken or not taken based on any or all the contents of this website. Further, Wilson Sonsini Goodrich & Rosati does not necessarily endorse, and is not responsible for, any third-party content that may be accessed through this website.