Memorandum of Understanding Definition
Memorandum of Understanding
DEFINITION
A Memorandum of Understanding is an agreement between two or more parties. The Agreement is not a contract, but an understanding that at some point, the agreement will move toward a contract. Also referred to as a MOU. It is a general purpose for starting negotiations.
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Terri J Lee S.
Arizona Member
I originally joined LegalShield because I wanted to get my will completed. However, I have kept my membership because of the value it provides. I feel good knowing that if I have a legal question or if I need help with a legal document, I can contact LegalShield. I would highly recommend this company, and in fact, I have referred some of my friends and family members
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Texas Member
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