dido:public:ra:xapend:xapend.a_glossary:m:mou
Differences
This shows you the differences between two versions of the page.
| Next revision | Previous revision | ||
|
dido:public:ra:xapend:xapend.a_glossary:m:mou [2022/02/16 13:31] nick created |
dido:public:ra:xapend:xapend.a_glossary:m:mou [2022/02/16 13:40] (current) nick |
||
|---|---|---|---|
| Line 4: | Line 4: | ||
| A **Memorandum Of Understanding (MOU)** is a legal document describing a bilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action, rather than a legal commitment. It is a more formal alternative to a gentlemen’s agreement, but generally lacks the bind power of a contract. | A **Memorandum Of Understanding (MOU)** is a legal document describing a bilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action, rather than a legal commitment. It is a more formal alternative to a gentlemen’s agreement, but generally lacks the bind power of a contract. | ||
| - | See Also MOA | + | See Also [[dido:public:ra:xapend:xapend.a_glossary:m:moa]] |
| + | |||
| + | : **Note:** An MOU is a document that describes very broad concepts of mutual understanding, goals, and plans shared by the parties. In contrast, an MOA is a document describing in detail the specific responsibilities of, and actions to be taken by, each of the parties so that their goals may be accomplished. [[https://www.investopedia.com/terms/m/mou.asp]] | ||
| Source: [[https://www.linkedin.com/pulse/difference-between-mou-moa-deep-chand/ ]] | Source: [[https://www.linkedin.com/pulse/difference-between-mou-moa-deep-chand/ ]] | ||
dido/public/ra/xapend/xapend.a_glossary/m/mou.1645036309.txt.gz · Last modified: 2022/02/16 13:31 by nick
