The memorandum of understandingdocument is commonly used to help parties agree on business arrangements of various kinds. This is often the first ste… See more

The MOU is an indicator that both parties involved in a business agreement want to proceed with the process. The entire agreement will change over time, but this first step wil… See more

As with other legal documents, there are specific kinds of information that need to be included in your memorandum of understanding: 1. You will need to clearly name both … See more

This document is not actually legally binding on its own. The MOU allows for discussion to begin and fosters an environment that will hopefully allow for the creation of l… See more