MoUs

A Memorandum of Understanding (MoU) is a formal agreement between two or more parties that outlines their intentions to collaborate or cooperate on a specific project or goal. It clarifies the roles, responsibilities, and expectations of each party without being legally binding like a contract. MoUs are often used in business, government, or organizational settings to establish a mutual understanding and set the groundwork for future formal agreements. They help ensure all parties are aligned and committed to working together effectively.