Science Fair Project Encyclopedia
Memorandum of understanding
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A memorandum of understanding (MOU) is a legal document describing an agreement between parties. It is a more formal alternative to a gentlemen's agreement, but less formal than a contract.
Examples of MOUs include:
- the Oil for Food program, for which Iraq signed an MOU in 1996,
- the 1997 document signed by President Bill Clinton and the Union of Soviet Socialist Republics successor states updating the Anti-Ballistic Missile Treaty, and
- the MOU between Bush and Kerry for 2004 debates.
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details