MEMORANDUM OF UNDERSTANDING SERVICES

A memorandum of understanding (MoU) is describing a bilateral or multilateral agreement
between two or more parties. It expresses a convergence of will between the parties, indicating
an intended common line of action. It is often used in cases where parties either do not imply
a legal commitment or in situations where the parties cannot create a legally enforceable agreement.
It is a more formal alternative to a gentlemen's agreement.