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Burt from Act Notes Tutorials provides a quick tutorial on Memorandum of Agreement (MOA), a written document detailing a cooperative relationship between two parties working together on a project or objective. MOA serves as a legal document outlining partnership terms and details. It is a formal agreement between multiple parties on a project, specifying how they will work together to achieve goals. Organizations use MOA for collaborative agreements such as service partnerships, technical assistance, and training. It is more formal than a verbal agreement but less formal than a contract. Money exchange is not necessary for an MOA. The typical format includes defining the agreement, parties involved, scope of work, timelines, and signatures.
