Difference between revisions of "Memorandum Of Understanding"

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A memorandum of understanding (MOU) is a legal agreement between two parties that carries less weight than a formal contract but more than an informal agreement, and outlines the parties' rights and responsibilities under the memorandum. MOUs are commonly used in international agreements and the term is sometimes used as a synonym for "letter of intent".
A memorandum of understanding (MOU) is a legal agreement between two parties that carries less weight than a formal contract but more than an informal agreement, and outlines the parties' rights and responsibilities under the memorandum. MOUs are commonly used in international agreements and the term is sometimes used as a synonym for "letter of intent".


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