What is an MOU?
Memorandum of Understanding is what MOU stands for. A Memorandum of Understanding (MOU) is a contract that specifies the objectives, roles, and understanding of two or more parties. The Terms, Conditions, and specifics of the collaboration or cooperation are subordinate to the MOU. An MOU, which is the precursor to a legally binding contract, is a non-binding agreement. (https://www.edrafter.in/understanding-mou/)
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