A memo or draft of an agreement of essential terms to a deal. See memorandum of understanding.
Related Legal Terms & Definitions
- MEMORANDUM OF UNDERSTANDING A non-binding legal document that reduces the agreement between the parties to paper and states…
- MOU A Memorandum of Understanding. This is usually a non-binding memorandum that states all the terms…
- MEMORANDUM OF UNDERSTANDING (MOU) A document that sets forth the terms of agreement between parties on an issue and…
- MEMORANDUM OR NOTE These words are use in the 4th section of the statute 29 Charles II., c.…
- NOTE(NOUN) n. An abstract, a memorandum; an informal statement in writing. Also a negotiable promissory note.…
- MEMORANDUM (A) Literally, to be remembered. It is an informal instrument recording some fact or agreement,…
- LETTER OF AGREEMENT Usually nonbinding, a letter which contains all the essential points of agreement between two or…
- CONTRACT A contract is a legally binding agreement involving two or more parties that sets forth…