'''MoU''' is the acronym for '''Memorandum of Understanding'''. It is a legal document of agreement between two or more parties. It is not completely obligatory like a legal contract is, but it is more powerful and legitimate than the earlier "gentleman’s agreement." A Memorandum of Understanding can also be considered a letter of intent, as a letter of intent expresses the interest for performing certain activities, but it does not legally bind any of the party to perform these activities. On an international platform, the MoU comes under a wide range of treaties; international MoUs must legally register with the United Nations. Although an MoU is categorized as a type of treaty, it can sometimes be kept confidential, unlike other treaties. | '''MoU''' is the acronym for '''Memorandum of Understanding'''. It is a legal document of agreement between two or more parties. It is not completely obligatory like a legal contract is, but it is more powerful and legitimate than the earlier "gentleman’s agreement." A Memorandum of Understanding can also be considered a letter of intent, as a letter of intent expresses the interest for performing certain activities, but it does not legally bind any of the party to perform these activities. On an international platform, the MoU comes under a wide range of treaties; international MoUs must legally register with the United Nations. Although an MoU is categorized as a type of treaty, it can sometimes be kept confidential, unlike other treaties. |