what is the meaning and information about mou?

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  • 1 decade ago
    Favourite answer

    MOU stands for memorandum of understanding. As the name suggest, it simply reflects the terms & conditions which the parties to the MoU wants to get ruled by.

    It may or may not be legally enforceable. Legal enforceability is driven by the mention of such intent in a MoU.

    At times parties to MoU often explicitly state that MoU is not legally enforceable.

    Often Govt. enters into MoU with various companies before entering into a contract with commitments. A case in point is Govt.'s MoU with Enron.

  • Ram
    Lv 4
    1 decade ago

    Dear friend,

    MOU stands for Memorandum of Understanding between the parties undergoing an agreement.

  • 5 years ago

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  • 1 decade ago

    A memorandum of understanding (MOU or MoU) is a document describing a bilateral or multilateral agreement between parties. ...

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  • 1 decade ago

    memorandum of understanding it is the document which describes the multilateral agreement betwen parties,, it is just the wiliness between the parties

  • 1 decade ago

    Minutes Of Usage( A metric used to compute billing and/or statistics for telephone calls or other network use.)

  • Anonymous
    1 decade ago

    Memorandum of understanding

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