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MoU stands for memorandum of understanding, a type of agreement between two or more parties that expresses a common line of action. MoUs can be legally binding or non-binding, depending on the context and the parties' intent. Learn the definition, contents, and purpose of MOU , a non-binding agreement between two or more parties. Find out when and why to use MOU in business, international relations, and other contexts. What is the full form of MOU ? - Memorandum Of Understanding - Memorandum Of Understanding ( MOU or MoU ) is a type of non-binding agreement between two or mo A Memorandum of Understanding (abbreviated as MOU ) is actually an agreement that occurs between two or more parties. An MOU outlines the rights and obligations of the parties who are engaged in the agreement. An MOU full form in business is made when the parties enter into initial discussions. The question is what is the agreement? Or who are the parties that will enter into the agreement? An agreement can be any, as the agreement to maintain cordial and friendly relations between two ...
