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 ?
A memo of understanding in the geomatics domain was inked between the Syrian General Organization for Remote Sensing and the Iranian National Geographical Organization.
He pointed out that the memo of understanding deals with reintegration of a former fighters, child soldiers and women and implementation of community stability programs, good leadership and and other projects conducive to bolstering peace and stability.
The memo of understanding outlined a plan for the Port of Corpus Christi and Cuban food import agency Alimport to increase purchases by Alimport of farm products under contracts with regional suppliers.
The Cabinet also endorsed a memo of understanding in the field of administrative development between Sudan and Saudi Arabia, a memo of understanding in the field of scientific and technological cooperation between Sudan and Burkina Faso, a memo of understanding between Sudan and Tunisia in the agricultural field, a memo of understanding on cooperation between the Ministry of Interior and the International Committee of the Red Cross, a memo of understanding in the media field between Sudan and South Sudan State, a memo of understanding between Sudan and Jordan in the field of police, a memo of understanding between Sudan and Morocco in the field of human resources' development and a memo of understanding in the communication field between Sudan and Saudi Arabia.
Fomin indicated that the provisions of the memo of understanding, signed this year to regulate the work of the Society in Syria, includes providing aid to the Syrian people and establishing a mobile hospital and a prefabricated school in Qudsaya city over the next three months.
By: MENA CAIRO-- 19 October 2017: President Abdel Fatah al-Sisi issued on Thursday a decree approving a memo of understanding signed between Egypt and the UAE on boosting financial and technical cooperation.
KUWAIT -- A Memo of Understanding (MoU) to be signed between the Central Apparatus for Information Technology and the Ministry of Education for establishing Information Technology in education project and develop infrastructure for communication at the ministry.
They in addition inked a memo of understanding allowing the state carrier of either country to fly directly to the other, without any operational barriers.
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.
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."
Director of Chad Agricultural Bank, Mahmoud Zakeria, for his part, said implementation of the Memo of Understanding requires exertion of common efforts from the two countries.
The Ambassador, in a statement to SANA, said that the Syrian delegation's visit to Cuba, its participation in Havana International Trade Fair and the signing of a Memo of Understanding between the Federation of Syrian Chambers of Commerce (FSCC) and Cuba Chamber of Commerce provide an evidence on the efforts exerted by the two countries to boost trade and economic relations.