Common Contracts
1 similar Express Agreement contracts
Difference Between Agreement and Memorandum of Understanding (MOU)Express Agreement • August 9th, 2023
At the time of entering into a legal transaction, there are two options available to the parties, i.e., agreement or memorandum of understanding. While an agreement refers to concordance between the legally competent parties, which is generally negotiated. Conversely, in Memorandum of Understanding (MOU) is a type of agreement between legally competent parties, which is non- binding in nature.
