How To Draft A Memo

What does it mean to draft a memo?

A memorandum (memo) is a document used to clearly and concisely convey important changes or agreements that were made during the negotiations process. The intent of the memo is to explain why the agreements you made and the final contract you drafted is fair and good for your side.

What is the purpose of issuing a memo?

Memos have a twofold purpose: they bring attention to problems, and they solve problems. They accomplish their goals by informing the reader about new information like policy changes, price increases, or by persuading the reader to take an action, such as attend a meeting, or change a current production procedure.

Is a memo formal or informal?

While memo reports and policy memos are examples of documents that have a more formal tone, most memos will have a conversational style—slightly informal but still professional.

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