Memorandum of understanding - Definition and Overview

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 (http://www.defenselink.mil/acq/acic/treaties/abm/ad_mou.htm) 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.

Example Usage of understanding