A Memorandum of Understanding Outline (MOU) is a document that outlines the expectations, obligations, and commitments of two or more parties entering into an agreement. It serves as a formal record of understanding and agreement on the terms of a working relationship between individuals, businesses, and organizations. An MOU is typically non-legally binding and does not create a contract between the parties involved; however, it can be used in courts to help clarify the intent of the parties in a contractual dispute. The terms of an MOU should be clearly defined and all parties should review and sign the document before it is finalized. By creating a Memorandum of Understanding Outline, all parties gain clarity and certainty in their relationship.