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Burt from Act Notes Tutorials explains the Memorandum of Agreement (MOA), a written document that outlines a cooperative relationship between two parties. MOA serves as a legal document detailing terms and partnership agreement. It is more formal than verbal agreements but less formal than contracts. Organizations use MOA to establish collaborative agreements for projects, services, technical assistance, and training. Money exchange is not required for MOA. Typical MOA format includes defining the agreement's purpose, parties involved, terms, and signatures.