Memorandum Of Understanding (Mou) Definition
A Memorandum of Understanding, or MOU, is a legally binding agreement between two parties. It is typically used to establish a formal relationship between two organizations that are working together on a specific project or goal.
An MOU can be used to outline the terms of an agreement, define roles and responsibilities, and set expectations. It can also be used to document the results of negotiations.
MOUs are not always legally enforceable, but they can be helpful in establishing a clear understanding between two parties and setting clear expectations.
