Memorandum Of Understanding

A Memorandum of Understanding (MOU) is a document that records the preliminary consensus between parties entering into a cooperative arrangement.

A Memorandum of Understanding (MOU) is a strategic document that outlines an agreement between parties interested in working together. It serves as a foundation for cooperation in business deals, research partnerships, and government initiatives. While an MOU is typically not legally binding, it provides a clear roadmap for collaboration by specifying responsibilities, financial terms, and operational guidelines. MOUs help organizations clarify expectations, mitigate risks, and facilitate smoother negotiations before transitioning to a legally binding contract or agreement.