What is a "Memorandum of Understanding"?

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What is a "Memorandum of Understanding"?

2006-06-09 03:50:02 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance

3 answers

It is a written document that sets out the framework for how a binding agreement might be reached, but is itself not intended to be a legally binding agreement. You might call it a pre-agreement term sheet.

2006-06-09 03:58:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Another term for a MOU is a Letter of Intent

2006-06-09 11:25:31 · answer #2 · answered by just_the_facts_ma'am 6 · 0⤊ 0⤋

it is agreement between persons to do something.

2006-06-09 11:01:07 · answer #3 · answered by ? 2 · 0⤊ 0⤋