After a process of egotiation and requirement defining, we revise the LOI into a Memorandum of Understanding (MOU)
which further defines the outlined commercial terms and confirms practical elements such as training and
licence requirements with the aviation authorities of each country. The final step is the all-important
Contract (Sales/Lease Agreements, Provision of Services) which may, in addition to jetpack orders, include
future options for additional aircraft and products etc.