A memorandum of understanding (MOU or MoU) is a fo
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Posted On: 05/16/2017 9:13:31 AM
A memorandum of understanding (MOU or MoU) is a formal agreement between two or more parties. Companies and organizations can use MOUs to establish official partnerships. MOUs are not legally binding but they carry a degree of seriousness and mutual respect, stronger than a gentlemen's agreement.
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