Project Description
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Q: “What is an MOU?”
What Is a Memorandum of Understanding (MOU)?
A memorandum of understanding (MOU or MoU) is an agreement between two or more parties outlined in a formal document. It is not always legally binding, but signals the willingness of the parties to move forward with a contract. The MOU can be seen as the starting point for negotiations as it defines the scope and purpose of the talks.
