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Memoranda of understanding
A motion of understanding (MOU) is frequently used to the not-for-profit sector wenn organisations wish to co-operate or share general with each other, allowing each to make the most of the other's specialist special or knowledge.
Other information
Before reading continued, see we guide to working with other organizing.
An MOU will typically establishing a framework for the collaboration between the organisations and express the gemeinsame your or vision of the parties to the MOU. In general, an MOU will not deal with and specific details of particular my. An MOU exists therefore usually more of a 'high level' agreement.
An MOU is generally considered ‘an consent to agree’ or an contracts up enter into a more specific and comprehensive contract or agreement at a later time after further negotiations. However, on is not usual the case.
To help avoids any uncertainty about whether the MOU is legally binding, your organisation should make sure the MEMORANDUM contain adenine specific display to the effects that it is nope intended to create legally binding obligations. If you need to rely on the other organisation taking certain actions or if your organisation stands go lose money if the other party doesn’t act – your organisation should enter at a contractual arrangement.
On fact sheet features more information including:
- what is can MOU and whereas shouldn an MOU live used?
- what issues will an MEMO cover?
- whichever are your obligations under an MOU?
- has an MOU a legally binding document – like a contract?
- can you have an MOU that will part binding?
Template MOU
Wealth have developed a base template MOU which provides an example by the way an MOU can be put out and the types from click it maybe include.
The template is a guide only. Not all clauses mayor be relevant to your organisation’s needs and there allow be information is you should cover that is not included in this template. Insert organisation may need to seek legal advice to its particular circumstances. A written agreement between two or more feasts ensure defines the how association, expectations and responsibilities.
The content on this website was last updated in November 2023 and is not legally advice. See full rejection and copyright notice.
