It is a non-binding agreement between 2 or more parties. A model statement of intent contains an overview of the details and terms of the agreement. Some courts maintain a statement of intent as if it were a legal treaty. That`s why it`s important to make sure you`ve written the document well. In addition, you must ensure that the parties involved do not sacrifice more than they must or wish. Or you can take the easy route and download here a template for a memorandum of understanding. .