This Memorandum contains the terms of an agreement between two companies to establish an alliance under which they will jointly procure agreed upon goods and services.
Connecticut Strategic Alliance Memorandum of Understanding
State:
Multi-State
Control #:
US-P0627-AM
Format:
Word;
PDF;
Rich Text
Instant download
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How to fill out Strategic Alliance Memorandum Of Understanding?
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FAQ
Memorandum of Understanding (MOU) The purpose of an MOU is to acknowledge a formal, ongoing and strategic relationship between institutions that is intended to be long term, or to support a grant application.
A memorandum of understanding (MOU) is a cooperative agreement between two parties that can include general terms and goals and is not intended to be legally binding. A memorandum of agreement (MOA) is a more detailed business document often created just before a legally binding contract.
A memorandum of understanding (MOU) is a written agreement between two organizations that helps establish the ground rules for any partnership activities you choose to explore.
Is an MOU Legally Binding? A memorandum of understanding (MOU) is a legal document but it is not necessarily legally binding, although it usually signals a contract is imminent. The specific intent and language of the agreement will determine whether it is actually binding or not.