A memorandum of understanding (MoU) is a type of agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used either in cases where parties do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen's agreement.
Iran, China Ink MoU To Enhance Cooperation In Agriculture
Iran and China signed a memorandum of understanding (MoU) to strengthen cooperation in the agricultural and horticultural fields,..
Eurasia Review