MOU
and any type of agreement is worth nothing without upfront payment.
It could look like this, for example:
( Australian Silica Quartz Group Ltd (‘ASQ’) advises receipt of the $1 million fee from Private Energy Partners Pty Ltd (‘PEP’) under the recently announced Project Development Heads of Agreement on ASQ’s 100% owned Quartz Hill MGSi Quartz Project in North Queensland.This fee is for the exclusive right to purchase 10 million tonnes of MGSi Quartz (Metallurgical Grade Silicon Quartz Lump feedstock) ...
https://hotcopper.com.au/threads/ann-asq-receives-1-million-for-quartz-hill-development.7474522/
Ann: Strategic Cooperation Agreement with Mitsubishi Chemical, page-90
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