What is a Memorandum of Understanding (MOU)?

A Memorandum of Understanding (MOU) is a formal agreement between two or more parties that outlines the terms and details of a mutual understanding or partnership. While it’s not always legally binding, an MOU sets clear expectations, responsibilities, and goals for collaborative efforts. It helps ensure transparency, builds trust, and provides a foundation for future agreements or projects.

This topic complements our training on Decision-Making & Governance. For full insights, check out the training video: [link-here]