A Memorandum of Agreement (MOA) is a written document between two or more parties that outlines the terms of an agreement. It serves as an official record of mutual understanding, identifying all parties involved and laying out the rights and responsibilities associated with the agreement. The MOA should be precise and provide clear definitions of each step in the agreement. It should also include appropriate remedies for any breaches of the agreement. While it isn’t legally binding, it’s still an important document — one that should be carefully crafted to ensure all parties involved understand the terms and conditions of the agreement.