Memorandum of Understanding


 

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Definition: 

A written statement detailing the preliminary understanding of parties who plan to enter into a contract or some other agreement. Such an MOU or letter of intent is not meant to be legally binding. (Source: Black' Law Dictionary, 2007)

Other relations

  • Memorandum of Understanding (CMS)
  • Memorandum of Cooperation (CBD)
Broader
international agreement
Synonyms
  • MOU

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