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 ?
Memorandum of understanding between the Egyptian Nasser institute for studies and health care and Tunisia's national centre of bone marrow transplant.
11- Memorandum of Understanding recognizing certificates of qualification of maritime servicemen.
There have been numerous iterations of the memorandum of understanding and much vetting of it within the CoA during the past two years, but the final version is out and our goal is to have a signed memorandum of understanding with each Affiliate by August," Zelazek told The Nation's Health.
The memorandum of understanding covers cooperation on development activities, hardware production, final assembly and testing of the F414M/MT engine for the EADS Mako trainer.
Adding their names to the memorandum of understanding as supporters and members of the aboriginal advisory committee are the Assembly of First Nations--B.
City council passed a motion in July authorizing staff to negotiate a memorandum of understanding with REpower Wind Corp.
The Brooklyn/Queens Minority Business Opportunity Committee (MBOC) and the Dormitory Authority of the State of New York have signed a memorandum of understanding, establishing a strategic alliance between the agencies to increase participation of minority and women-owned business enterprises on contracts funded by the Dormitory Authority.
Abbott was then offered an opportunity to sign a similar Memorandum of Understanding, but declined.
Second, without your efforts and those of your provincial counterparts in Newfoundland and Labrador, Nova Scotia, and New Brunswick, the Memorandum of Understanding on Sales Tax Harmonization would not have come to pass.
Terra Industries Inc and Kemira GrowHow Oyj announced in October 2006 that they had entered into a Memorandum of Understanding which set out their agreement in principle to create a joint venture to operate the fertilizer and associated process chemicals businesses of both companies in the United Kingdom.
December 15, 2017, SPA -- Gulf Cooperation Council Electric Grid has signed memorandum of understanding with National Power Academy (NPA) in order to enhance cooperation between them through investing the commercial marketing of the training courses provided by NPA.
Aside from Japan, the Philippines and Russia have signed sets of memorandum of understanding (MOU) after the bilateral of Duterte and Russian Prime Minister Dimitry Medvedev on Monday night.

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