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Delete Arrow in the Memorandum Of Understanding

Delete Arrow in the Memorandum Of Understanding

Aug 6th, 2022

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How to Delete Arrow in the Memorandum Of Understanding

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74 votes

In this 60-second law tutorial, attorney Brian Russ explains what a Memorandum of Understanding (MOU) is. He describes it as a generally non-binding agreement that reflects the intent of parties to discuss collaboration. However, he warns that labeling a document as an MOU does not automatically make it non-binding. If the document contains the essential elements of a contract—such as mutual assent, offer and acceptance, consideration, and capacity—it may be legally enforceable regardless of its title. Therefore, he advises caution when interpreting MOUs as mere informal agreements.

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