Memorandum Of Understanding

How to Draft a Strong Memorandum of Understanding (MOU)

Memorandum of Understanding: Definition, Purpose, and Key Elements In today’s interconnected world, partnerships and collaborations have become essential across businesses, governments, non-profits, and educational institutions. Whether two companies are exploring a joint venture, or a university and a government agency are considering a research collaboration, one document often marks the first formal step in these relationships: the Memorandum of Understanding (MoU).