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Memorandum of Understanding (MOU)
A document recording the preliminary understanding and intent between two parties.
What each clause means
Purpose
The goal and scope of the understanding.
Roles & responsibilities
Sets out what each party will do.
Nature
Clarifies that an MOU is usually not legally binding.
Preview
MEMORANDUM OF UNDERSTANDING (MOU) [Party 1] and [Party 2] have reached an understanding on the following: 1. Purpose: [description] 2. Role of each party: [description] 3. This MOU is not legally binding. Signatures: ____________ ____________