Memorandum Of Agreement Sample Letter Pdf. You may also see Formation Agreement Templates. Unlike the agreements and contract, a memorandum of understanding is not legally binding but it is a very serious document that caries a degree of mutual respect that is stronger than that of a gentlemen's agreement.
This Memorandum of Understanding (MOU) is entered into by and between: Provide the agency name and a brief description of each agency.
Terms of the Letter of Intent may or may not be legally binding, depending on the intent of the parties and the wording contained in the document.
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The duties and responsibilities of each party should be clearly defined. It is intended as a starting point for the Parties, as it enables them to set out the preliminary understanding between one another, and can help them to work towards a more formal agreement. Unlike the agreements and contract, a memorandum of understanding is not legally binding but it is a very serious document that caries a degree of mutual respect that is stronger than that of a gentlemen's agreement.