Memorandum of Understanding

A Memo of Understanding (MOU) may be required. A MOU is an agreement that outlines the terms and details of an agreement between parties, including each party’s expected activities and goals. The Memo of Understanding is a more formal agreement between parties regarding terms and responsibilities outlined within; however, an MOU is not binding. It may/may not be developed with the assistance of legal counsel depending on the use and activities specified.

PDF-IconMOU sample