How Do You Write An Memorandum Of Understanding?
A Memorandum of Understanding (MoU) is a document used to convey and articulate a form of a written mutual agreement between two or more parties. The document is not as binding as a contract but outlines a commitment between the parties to work together collaboratively toward the same purpose or goals relating to the use of shared resources or services. These documents generally do not discuss the exchange of monies. MoU’s are especially helpful for non-profit organizations who would like to formulate partnerships and provide an exchange of supportive services. Hold a meeting consisting of all involved parties to determine what functions, services, or resources will be shared and discuss a plan as to how the organizations will operate together. Write out the main purpose or goal of the agreement and determine what specific outcomes are expected. Determine a time line as to when the partnership and agreement will begin and when it will end. Be specific regarding the dates. Write down an
