Glossary
There is currently 1 term in this directory beginning with the letter M.Memorandum of Understanding (MOU)
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. MOU's must follow the same process as other contracts and shall be signed by a Comptroller delegate.
Memorandum of Understanding (MOU)
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. MOU's must follow the same process as other contracts and shall be signed by a Comptroller delegate.