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Memorandum of Understanding
(redirected from Memo of understanding)

   Also found in: Acronyms, Wikipedia 0.01 sec.
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.


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Both sides are to sign a memo of understanding on cooperation in the fields of housing and building and a Syrian-Philippines Businessmen Council will be established.
A memo of understanding on sport cooperation between the Syrian Olympic Committee and the National Olympic Committee of Belarus was also signed.
16, "A memo of understanding was signed to erect a clean electricity project, another for building a 100 MW power station, a 300 thousands ton garbage disposal plant and a plant to manufacture plastics and chemical fertilizers.
 
 
 
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