What is a memorandum of Understanding (MoU)?

What is a Memorandum of Understanding? A Memorandum of Understanding (MOU), is a non-legally binding agreement between two or more parties, expressing each parties proposed terms during the negotiation stage. MOU’s, also referred to as a letter of intent , are a more formal version of a ‘gentleman’s agreement’.

What is the plural of a memorandum?

The plural form of the Latin noun memorandum so derived is properly memoranda, but if the word is deemed to have become a word of the English language, the plural memorandums, abbreviated to memos, may be used. (See also Agenda, Corrigenda, Addenda ). There are many important purposes of a memorandum.

What is a memorandum & a briefing note?

A memorandum ( PL: memoranda; abbr: memo; from the Latin memorandum, " (that) which is to be remembered") or a briefing note is a written message that is typically used in a professional setting. Commonly abbreviated "memo," these messages are usually brief and are designed to be easily and quickly understood.

What is a memo & how does it work?

A memo is short for memorandum, a short written message for workplace communication. It can be a bulletin on the notice board, a policy change, a meeting schedule or reminders for teams. The type of memorandum depends on its purpose.