What Does MOU Stand For?

MOU stands for Memorandum Of Understanding

A Memorandum of Understanding (MOU) is a formal agreement between two or more parties that outlines their mutual understanding and intentions regarding a specific project or collaboration. While it is not legally binding, an MOU serves to clarify roles, responsibilities, and expectations, fostering cooperation and facilitating future negotiations. It typically includes terms related to objectives, timelines, and resources involved in the partnership.