Illinois Memorandum Of Agreement No Agreement (MONA) is a document used to acknowledge that two parties have agreed upon the terms of a transaction or other agreement without creating a contract. It is not legally binding and does not create any enforceable rights or obligations for either party. MONA is typically used in situations where the parties do not wish to create a contract, but instead desire to document their mutual understanding and agreement. It is also commonly used to document the terms of a deal or arrangement that is not intended to be legally binding. Examples of Monks include agreements between employers and employees, business partners, or two businesses.