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A memorandum of understanding (MoU) is a type of agreement between two or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. [1]
A memorandum of understanding (MOU) is an agreement between two parties that is not legally binding, but which outlines the responsibilities of each of the parties to the agreement. An MOU is often the first step toward creating a legally binding contract.
A memorandum of understanding is an agreement between two or more parties outlined in a formal document. It is not necessarily legally binding, which depends on the...
MEMORANDUM OF UNDERSTANDING definition: a document that records the details of an agreement between two companies or organizations, which…. Learn more.
A memorandum of understanding is a written agreement signed by two or more parties outlining basic terms for a more binding contract to come. An MoU is not a legally enforceable document, but it usually precedes a formal contract or treaty during negotiations.
MEMORANDUM OF UNDERSTANDING meaning: a document that records the details of an agreement between two companies or organizations, which…. Learn more.
A memorandum of understanding, or MOU, is defined as an agreement between parties and can be bilateral (two) or multilateral (more than two parties). The MOU serves as an expression of aligned will between the parties in question and depicts the intent of a common line of action.