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Delete Conditional Fields in the Memorandum Of Understanding

Delete Conditional Fields in the Memorandum Of Understanding

Aug 6th, 2022

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How to Delete Conditional Fields in the Memorandum Of Understanding

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In this video, attorney Brian Russ discusses Memorandums of Understanding (MOUs), emphasizing that they are generally viewed as non-binding agreements indicating the intent of parties to engage in discussions or collaborations. He warns that labeling a document as an MOU does not inherently make it non-contractual. The binding nature of the document depends on whether it possesses the essential elements of a contract—mutual assent, offer and acceptance, consideration, and capacity. Therefore, an MOU can still be considered a binding contract despite its designation, and he advises caution when interpreting such agreements.

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