Memorandum of Understanding

(redirected from Memo of understanding)
Also found in: Dictionary, Medical, Acronyms, Wikipedia.

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 ?
Meanwhile, the Social and Development Sector approved the memo of understanding with the government of Burkina Faso and the cooperation program with the Republic of Turkey.
The two sides agreed to sign a memo of understanding that includes the projects that CBS intends to implement.
Jreissati, for his part, assured Lebanon's commitment to the memo of understanding signed with Iran as it is for the benefit of the Lebanese people.
Baghdad (NINA) -- A Memo of Understanding in the field of culture between Iraq and Azerbaijan was signed in Baku on Saturday, Apr.
Similarly, the Shura reviewed a memo of understanding on bilateral political consultations between the Ministry of Foreign Affairs and its Danish Counterpart, Secretary-General of Shuara, Dr.
Syrian and Tunisian officials signed a memo of understanding for developing small and medium-sized institutions and an executive program of a cooperation agreement in higher education for 2010-2012.
Ministers from five countries endorsed a memo of understanding to kick-start the US$2.
The Port of Corpus Christi says the local economy will soon benefit from a recently signed memo of understanding between port officials and the Cuban government (see CubaNews, August 2003, page 3).
an energy service company, and Fannie Mae, one of the nation's largest sources of financing for home mortgages, are pleased to announce the signing of a memo of understanding establishing a residential emission credit program for New Yorkers.
Under a memo of understanding with manufacturer AM General Corp.
OREGON STEEL MILLS ANNOUNCES MEMO OF UNDERSTANDING WITH STELCO
In April 2006, our two companies entered into a Memo of Understanding to broaden our product development platform to include biologics.