A Memorandum of Understanding (MOU) is a preliminary agreement that defines the intent and scope of collaboration between entities. It is often used in international relations, corporate partnerships, and non-profit organizations. MOUs outline mutual expectations, operational procedures, and responsibilities. Although they may not have legal enforceability, they serve as a critical tool for establishing trust and cooperation. By documenting terms in advance, MOUs prevent miscommunication and create a structured approach to future legally binding contracts, ensuring smooth negotiations and efficient collaboration.
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