Actions

MOU

Memorandum of Understanding

A Memorandum of Understanding is a document that describes a formal agreement between two or more parties. It is typically not a legal agreement, but it does indicate the establishment of a business relationship that will continue and likely result in a legal agreement such as a contract and is given weight in a court of law should one party fail to meet the obligations of the memorandum.

Alternative names for Memorandum of Understanding include: Letter of Intent.

Notes

Disclaimer: OpenReference does not provide legal advice and OpenReference Initiative is not a law firm.

Hierarchy

IDNameLevelx
T-DOCTrade Documents0T-DOC
MOUMemorandum of Understanding1MOU

Process(es)

IDNameLevelx
C105Obtain Signatures3C105
C207Obtain Signatures3C207

Connections

Memorandum of Understanding Trade Documents 1 1 {{{keywords}}} {{{description}}}