PHIL PR
Memorandum of Agreement is a slight bit different than a Memorandum of Understanding.
A Memorandum of Understanding is what we see most often on the OTC and is a non-binding agreement which draws the parameters of the agreement. It is often the first step toward a contract.
A Memorandum of Agreement serves as a legal document and describes the terms and details of the partnership agreement. Logistically, the MOA is a stronger PR than the MOU.
Obviously, the finished contract is what we want to see, but the MOA in the PR is actually closer than an MOU.
Combine this with the fact that the CEO, along with his team of biology scientists, flew to Florida to take first soil samples, everything seems to point to the fact that all of the ground work is finished - just the paperwork needs to be completed.
Lookng forward to that PR.
prof
Memorandum of Agreement is a slight bit different than a Memorandum of Understanding.
A Memorandum of Understanding is what we see most often on the OTC and is a non-binding agreement which draws the parameters of the agreement. It is often the first step toward a contract.
A Memorandum of Agreement serves as a legal document and describes the terms and details of the partnership agreement. Logistically, the MOA is a stronger PR than the MOU.
Obviously, the finished contract is what we want to see, but the MOA in the PR is actually closer than an MOU.
Combine this with the fact that the CEO, along with his team of biology scientists, flew to Florida to take first soil samples, everything seems to point to the fact that all of the ground work is finished - just the paperwork needs to be completed.
Lookng forward to that PR.
prof
