====== Memorandum Of Understanding (MOU) ======
[[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]]

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 [[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/ ]]


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