Memorandum of Understanding (MoU)

Memorandum of Understanding (MoU)

270.00

Memorandum of Understanding (MoU)

A memorandum of understanding (MOU) is a non-binding agreement between two or more parties outlining the terms of an understanding, including each parties' roles, responsibilities and requirements. An MOU is often the first stage in the formation of a legally binding agreement. Although not binding in itself, it may have some legal bearing in a court of law and is stronger than a Letter of Intent.

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