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Memorandum Of Understanding

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Memorandum Of Understanding

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A memorandum of understanding or MOU is a type of agreement. It’s a nonbinding agreement between 2 parties or more. An MOU template contains an outline of the details and terms of the agreement.

It would also include the requirements and responsibilities of each party. Making a memorandum of understanding template is usually the first step. Do this first before forming a formal contract. Click here to read more.

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