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Contracts and MOUs: Understanding Key Terms

Contracts and MOUs: Understanding Key Terms Our partners often ask us to explain the difference While the parties to a contract must intend to between a contract and a memorandum of create a legally binding agreement, the parties to Understanding (MOU). Although there can be legal an MOU may intend otherwise. For example, an distinctions between the two types of documents, MOU may recite that the parties agree to promote there may be no legal or practical difference if they and support the joint use of facilities. This type of are written with similar language.

Jan 17, 2012 · Contracts and MOUs: Understanding Key Terms ChangeLab Solutions is a nonprofit organization that provides legal information on matters relating to public health. The legal information in this document does not constitute legal advice or legal representation. For legal advice, readers should consult a lawyer in their state.

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