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What Does Memorandum of Understanding – MOU Mean?

April 26, 2017mean Memorandum MOU understanding

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What Does Memorandum of Understanding – MOU Mean?

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Investopedia explains Memorandum of Understanding – MOU The MOU is often the first stage in the formation of a formal contract. An MOU is far more formal then a handshake and is given weight in a court of law should one party fail to meet the obligations of the memorandum.