Memorandum of Understanding

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Memorandum of Understanding

An agreement between two parties, usually two companies, outlining the rights and responsibilities each has for a particular venture or project. A memorandum of understanding is intentionally vague and is usually the first step toward a full contract. Negotiations usually continue after the MOU is signed. However, an MOU is more formal and legally binding than a handshake agreement and is enforceable in a court of law.
References in periodicals archive ?
The MOUS program ensures that our students are prepared for graduate work and beyond," said Goodrich.
TCU, a cutting-edge private university that boasts a student body of 7,600 students from 48 states and more than 70 countries, is now requiring MOUS certification as a pre-requisite for all incoming business majors and as a graduation requirement for all business minors.
And because MOUS certification provides students and educators with a portable credential that's recognized worldwide, we believe it raises academic success to the next level.
School districts that are interested in signing up for or obtaining more information about the MOUS certification program should contact Lisa Brooks, Washington State University's SESRC, at 360-586-9292 or via e-mail at brookslj@wsu.
MOUS certification allows us to prove to employers that their highly scrutinized training investment is paying off.
Course Technology is also involved in MOUS teacher training events including last summer's one-week Indiana MOUS Camp where 58 high school business educators were trained on Microsoft Word, Excel, Access and PowerPoint.
Course Technology is also a proud sponsor of The Washington State MOUS Business-IT Pathways Educator Certification Project.
Additionally, all of the Microsoft(R) Office 2000 and most of the Microsoft Office 97 courseware is MOUS (Microsoft Office User Specialist) approved.
The Washington State MOUS Business-IT Pathways Educator Certification Project will provide Washington secondary business-IT educators with a uniform skill set for curriculum and instruction, based upon current industry standards.