MOU Full Form | Full Form of MOU

MOU Full Form - Memorandum of Understanding

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 Memorandum of Understanding

Memorandum of Understanding

  • MOU stands for Memorandum of Understanding. It’s a proper agreement between two or more parties which expresses the mutual accord on a problem.
  • It’s commonly employed by the businesses to determine official partnerships.
  • Though it's mostly not a legally binding contract, it contains all important details and features a high degree of mutual respect and seriousness.
  • It are often considered because the initiative to a legal contract. In the US, it's also called a Letter of Intent (LOI).
  • It's widely used in international agreements because it are often created and ratified during a short time-frame. It's also wont to modify the existing legal deals.

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