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单词 memorandum of understanding
释义

memorandum of understanding


memorandum of understanding

n law a document that describes the general principles of an agreement between parties, but does not amount to a substantive contract. Abbreviations: MOU or MoU
EncyclopediaSeeMOU

memorandum of understanding


memorandum of understanding

In the United States, a non-binding (i.e., non-contractual) formal agreement between the FDA and federal, state or local government agencies; academic institutions; and other entities, which constitutes an “understanding” between parties as to the lines of authority or responsibility, or to clarify co-operative procedures.

Memorandum of Understanding


Memorandum of Understanding

An agreement between two parties, usually two companies, outlining the rights and responsibilities each has for a particular venture or project. A memorandum of understanding is intentionally vague and is usually the first step toward a full contract. Negotiations usually continue after the MOU is signed. However, an MOU is more formal and legally binding than a handshake agreement and is enforceable in a court of law.
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更新时间:2024/9/22 15:40:19