Definitions for memorandum of understanding
mem·o·ran·dum of un·der·stand·ing

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1. Memorandum of understanding

   A memorandum of understanding (MoU) is a type of agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used either in cases where parties do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen's agreement.Whether a document constitutes a binding contract depends only on the presence or absence of well-defined legal elements in the text proper of the document (the so-called "four corners"). The required elements are offer and acceptance, consideration, and the intention to be legally bound (animus contrahendi). In the US, the specifics can differ slightly depending on whether the contract is for goods (falls under the Uniform Commercial Code) or services (falls under the common law of the state). Many companies and government agencies use MoUs to define a relationship between departments, agencies or closely held companies.

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1. Memorandum of understanding

   A memorandum of understanding is a document describing a bilateral or multilateral agreement between two or more parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen's agreement. Whether or not a document constitutes a binding contract depends only on the presence or absence of well-defined legal elements in the text proper of the document. The required elements are: offer, consideration, intention, and acceptance. The specifics can differ slightly depending on whether the contract is for goods or services.

How to pronounce memorandum of understanding?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say memorandum of understanding in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of memorandum of understanding in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of memorandum of understanding in Pythagorean Numerology is: 9

Examples of memorandum of understanding in a Sentence

1. Evgeny Andrachnikov:

   What is being signed today is not a contract, it is a memorandum of understanding.

2. Prince Ali:

   The timing of this MOU( memorandum of understanding) between the AFC and the CAF looks like a blatant attempt to engineer a bloc vote, questions must be asked : was this deal approved by the members of the executive committees of both the AFC and CAF and is the timing of the announcement, prior to a presidential election, acceptable ?

3. Ambassador Ron Dermer:

   With the nuclear deal now moving ahead, Israel is also moving ahead, hoping to forge a common policy with the United states to address the continuing dangers posed by Iran, discussions over a new Memorandum of Understanding between Israel and the United States, which had been on hold for some time, resumed this past week in Washington.

4. Housing Minister Mustafa Madbouly:

   Any memorandum of understanding is just an initial demonstration of interest but when you start to negotiate the details you definitely have the possibility of not reaching the expectation of any one of the partners and this is what has happened.

5. Ambassador Ron Dermer:

   Discussions over a new Memorandum of Understanding between Israel and the United States, which had been on hold for some time, resumed this past week in Washington.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Memorandum_of_Understanding
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=memorandum of understanding