A written agreement that records the mutual intentions, roles, responsibilities, or principles agreed between two or more parties before a formal contract is concluded. An MOU is often non-binding unless it expressly states otherwise. Similar to a Letter of Intent (LOI), but typically used to document mutual understanding rather than one party’s intention.
Memorandum of Understanding (MOU)
A usually non-binding written agreement recording the mutual intentions and roles of parties before a formal contract.
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Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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