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 memorandum of understanding included promoting intellectual property rights and patent protection services of Chinese companies through the Forum's network and the adoption of business transfer incentive system if the forum or one of its members transfers clients to Talal Abu-Ghazaleh Global (TAG.Global) and vice versa.
- a memorandum of understanding between the Kyrgyz National Agrarian University and the University and Parmar University of Horticulture and Forestry;
Memorandum of Understanding on cooperation between High Altitude Warfare School (Gulmarg), Indian Armed Forces and Joint Mountain training Centre of the Armed Forces of the Kyrgyz Republic.
Memorandum of Understanding on advanced training of Turkmen engineers between the Turkmengas State Concern and the Korean Organization industrial enterprises (KOPIA)
Memorandum of understanding on co-operation in the sector of tourism, signed by Industry, Commerce and Tourism Minister Zayed Alzayani and a representative of Turkmen government committee for tourism.
A Memorandum of Understanding on cultural cooperation was signed by Foreign Minister Shaikh Khalid bin Ahmed bin Mohammed Al-Khalifa and Turkmen Minister of Culture.
Memorandum of Understanding between the University of the Philippines Los Banos and the Sri Lanka Council for Agriculture Research Policy of the Ministry of Agriculture, Rural Economic Affairs, Livestock, Irrigation, Fisheries and Aquatic Resources Development.
memorandum of understanding with the General Directorate of
The DFA chief agreed on Cusi's description of the agreement as a "memorandum of understanding to agree to arrive at an agreement." Locsin also clarified that the supposed Chinese draft whichthe camp of Sen.
The memorandum of understanding is aimed at intensifying relations between the highest electoral structures of Azerbaijan and Kazakhstan and further deepening mutually beneficial cooperation in the exchange of experience.
(TSXV: PAC)(OTC: PACXF)(FSE: 2NKN), a Canadian company with key strategic partners focused on the exploration and development of conglomerate-hosted gold properties, has signed a Memorandum of Understanding with Artemis Resources Limited, an Australian Securities Exchange listed exploration company, to enter into a strategic processing alliance.
BKPM's Head Thomas Trikasih Lembong said Jokowi's visit generated the signing of 15 memorandums of understanding and six business to business investment commitments between the private sectors of Indonesia and South Korea, as well as a memorandum of understanding between BKPM and Hyundai Motor Company.

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