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In this tutorial by Burt from Act Notes, a Memorandum of Agreement (MOA) is explained as a written document that outlines a cooperative relationship between two parties engaged in a project or shared objective. An MOA serves as a legal document detailing the terms and partnership specifics. It is more formal than a verbal agreement but less formal than a contract. Organizations utilize an MOA to define collaborative arrangements, such as service partnerships or technical assistance agreements, regardless of any monetary exchange. The typical format of an MOA includes specific details about the partnership.
