Essential Clauses Every Memorandum of Understanding Should Have

A Memorandum of Understanding (MOU) serves as a preliminary agreement that defines the intent of parties to collaborate on a common objective. It is widely used in various sectors, including business, research, and government projects. MOUs typically outline the scope of work, roles, timelines, and confidentiality terms. Although MOUs are not legally enforceable in most cases, they provide a structured approach to cooperation. They serve as a reference point for negotiations and help prevent misunderstandings, ensuring that all stakeholders are aligned before committing to a formal agreement.