What does MOU mean in Companies & Firms?
This page is about the meanings of the acronym/abbreviation/shorthand MOU in the Business field in general and in the Companies & Firms terminology in particular.
Find a translation for MOU in other languages:
Select another language:
What does MOU mean?
- Memorandum of understanding
- A memorandum of understanding is a document describing a bilateral or multilateral agreement between two or more parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen's agreement. Whether or not a document constitutes a binding contract depends only on the presence or absence of well-defined legal elements in the text proper of the document. The required elements are: offer, consideration, intention, and acceptance. The specifics can differ slightly depending on whether the contract is for goods or services.
Discuss this MOU abbreviation with the community:
Use the citation below to add this abbreviation to your bibliography:
MOU also stands for:
- Maharishi Open University
- Maximum Oxygen Uptake
- Memorandum a of Understanding
- Memorandum of
- midwife obstetric unit
... and 7 more »