Memorandum of understanding

Agreement between two (bilateral) or more (multilateral) parties

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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Credit: IndiaTimes - Published 5 days ago

"A Memorandum of Understanding (MoU) to establish a technology interface between the payment platforms in India and the UAE, would be exchanged between the..
Credit: DNA - Published 5 days ago

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