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Memorandum of Understanding (MOU)

April 12, 2024

Memorandum of Understanding (MOU)

A memorandum of understanding agreement happens between two parties involved in an agreed contract, highlighting the mutual goals and working towards achieving them. This kind of agreement establishes a business relationship between two or more parties involved. 

This type of agreement can be encountered when two or more companies work on a specific project. Even more so, some of the addressed matters that an MOU agreement can mention range from certain specified activities to finding the proper funding to the roles and responsibilities the involved member can hold. 

Subjects

Memorandum of Understanding (MOU)
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