Who are the parties involved in the MOU?

A Memorandum of Understanding (MOU) is a formal agreement between two or more parties outlining their intent to cooperate on a specific project or objective. The parties involved in the MOU are typically organizations, governments, or individuals who have a shared interest or goal. These parties can include businesses, non-profit organizations, government agencies, research institutions, educational institutions, and other relevant stakeholders. The MOU serves as a framework for collaboration, setting out the responsibilities, expectations, and terms of engagement for each party. While an MOU is not legally binding, it establishes a basis for future negotiations and potential agreements, serving as a starting point for working together towards mutual objectives.

This mind map was published on 29 November 2023 and has been viewed 92 times.