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In this tutorial, attorney Brian Russ discusses what a Memorandum of Understanding (MOU) is. He explains that MOUs are generally considered non-binding agreements that express the parties' intent to discuss collaboration or other matters. However, he warns that simply labeling a document as an MOU does not guarantee it won't be treated as a contract. If an MOU contains the essential elements of a contract—mutual assent, offer, acceptance, consideration, and capacity—it may still be legally binding despite its title. He emphasizes the importance of understanding the implications of an MOU in legal contexts.