MOUs
An MOU, or memorandum of understanding, is a written document that records the intentions and understandings between two or more parties regarding collaboration, cooperation, or mutual objectives. It is typically used to express a shared purpose and outline the general framework of an expected relationship without creating a legally enforceable commitment.
Contents commonly include the identities of the parties, the purpose and scope of the collaboration, roles
Legal status: MOUs are generally non-binding and not enforceable as contracts. However, certain provisions—such as confidentiality,
Usage: MOUs are common in government, academia, nonprofits, and industry as a precursor to a formal contract,