What is the meaning of an mou?

A Memorandum of Understanding (MOU) is a formal agreement between two or more parties outlining their intentions and details of a collaboration or partnership. It serves as a non-binding document that clarifies the roles, responsibilities, and expectations of each party. While an MOU is not legally enforceable like a contract, it often signifies a commitment to work together towards common goals. MOUs are commonly used in various fields, including business, government, and academia.