A Memorandum of Understanding (MoU) is a document used to convey and articulate a form of a written mutual agreement between two or more parties. The document is not as binding as a contract but outlines a commitment between the parties to work together collaboratively toward the same purpose or goals relating to the use of shared resources or services. These documents generally do not discuss the exchange of monies. MoU’s are especially helpful for non-profit organizations who would like to formulate partnerships and provide an exchange of supportive services.
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Include an addendum if necessary to define terms within the agreement or add necessary forms to be utilized for services and resources.Make sure that all decision makers are involved and MOU is signed by a person of authority
