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Burt from Act Notes Tutorials presents a quick guide on Memorandum of Agreement (MOA). MOA is a written document that outlines a cooperative relationship between two parties for a project or objective. It serves as a legal agreement detailing partnership terms and details, more formal than verbal agreements but less formal than contracts. Organizations can use MOA for service partnerships, technical assistance, or training agreements. It can be used regardless of money exchange and typically includes specific elements to ensure clarity and mutual understanding.
