We can call a memorandum of understanding agreement as a de-facto contract that functions in various areas. It will sign between two or more parties to act as a witness of promises made between them. This letter of intent or “MOU” (memorandum of understanding) may often created when companies or business have decided earlier to start something in exact future time which will continue on limited scope. This agreement will record the promises along with all the presidential teams that parties wish to impose in practical.
Limited Memorandum of Understanding Agreement Preview;