Page tree
Skip to end of metadata
Go to start of metadata


TermMemorandum of Understanding
AbbreviationMoU
Definition

An agreement that clarifies the relationships, responsibilities and communication channels between two or more parties that may share Services, clients, and Resources. The MoU is used when both parties do not want to pursue a Contract that is legally binding (generally). Formal contracts can be intimidating therefore MoUs are the better option for some communities. However, it can also be used to regulate the relationship between parties.

SourceFitSM-0
Owner
Last updated