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Delete Cross Out Option from the Memorandum Of Understanding

Delete Cross Out Option from the Memorandum Of Understanding

Aug 6th, 2022

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How to Delete Cross Out Option from the Memorandum Of Understanding

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In this tutorial, attorney Brian Russ discusses Memoranda of Understanding (MOUs). He explains that MOUs are typically non-binding agreements that indicate the intent of parties to discuss collaboration. However, he cautions that labeling an agreement as an MOU does not automatically make it non-binding. If the document contains elements of a contract—such as mutual assent, offer, acceptance, consideration, and capacity—it can still be legally binding regardless of its title. Brian recommends being mindful of the terms included in an MOU, as they may result in binding obligations.

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