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Saturday, December 17, 2022

An MOU is not legally binding. So if needed it is easier to wash hands off the MOU.

 


1. What Is a Memorandum of Understanding?

https://www.contractscounsel.com/t/us/memorandum-of-understanding

A memorandum of understanding (MOU) is a written agreement between parties that expresses their aligned will. This type of document also details the intent of a common line of action.  ..Though an MOU is not legally binding . .


2. What Is a Memorandum of Understanding (MOU)?

https://www.investopedia.com/terms/m/mou.asp


A memorandum of understanding is an agreement between two or more parties outlined in a formal document. It is not legally binding but signals the willingness of the parties to move forward with a contract.

My Comments : 

So in the future if things do not work out the parties to an MOU can simply say 'An MOU is not legally binding."

They can wash their hands and walk away. 

An MOU is not a binding CONTRACT.

So this means under an MOU you cannot force someone to do this or to do that. It is not legal to insist that someone must do this or must not do that under an MOU. Because the MOU is not legally binding.

How convenient.

The views expressed are those of the writer and do not necessarily reflect those of MMKtT.

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