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In this tutorial, Burt explains that a Memorandum of Agreement (MOA) is a written document that outlines a cooperative relationship between two parties working together on a project or meeting an objective. It serves as a legal document detailing the terms of the partnership agreement. MOA is more formal than a verbal agreement but less formal than a contract. Organizations can use MOA to establish collaborative agreements, such as service partnerships or technical assistance agreements, regardless of exchanging money. The typical format of a MOA includes key elements like parties involved, objectives, responsibilities, and signatures.
