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Memorandum of understanding

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Memorandum of Understanding

1:23

What is a Memorandum of Understanding?

2:31

What is a Memorandum of Understanding (MOU)?

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What is a Memorandum of Understanding?

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Lecture 3- Memorandum of Understanding vs Agreement

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.
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    • In private enterprise 

    • In government and public affairs 

    • In public international law 

    • Examples