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In this 60-second legal tutorial, attorney Brian Russ explains what a Memorandum of Understanding (MOU) is. He describes MOUs as generally non-binding agreements that reflect the intent of parties to discuss collaboration. However, he warns that simply labeling a document as an MOU doesn't inherently make it non-binding. An MOU can still constitute a binding contract if it meets essential contract elements such as mutual assent, offer, acceptance, consideration, and capacity. Therefore, it's crucial to evaluate the content of the document rather than just its title before assuming it's not a contract.