What Is Memorandum of Understanding (MOU)?

MOU’s full form is a Memorandum of Understanding. It is a formal document. It establishes a formal partnership between two or more entities. It also serves as a bridge to represent a shared commitment between two or more parties. It provides crystal-clear insights. Establishing a common course of action among two or more parties would be Helpful. Here trust is key for joint efforts with a friendly written handshake. It is an official written record of an agreement for keeping a dynamic relationship. It prevents the chances of any future disputes among the parties. It can be used in interchangeable manner.