What is the standard duration for an IMOU?
A. General IMOU’s should be valid for a period of three to five years from the effective date and may be renewed before the expiration date by agreement between the parties. In some cases, the duration period may be shorter or longer. A specific MOA will usually remain effective for the period of time necessary to complete a specific project or set of projects. Other forms of specific agreements or addenda may have different periods of duration.
