FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RDncsU66gjMTS2uIVpdIaEY
Label Memorandum of Understanding
Preferred Label MOU
Identifier N/A
Alternative Labels
Framework Agreement Preliminary Accord

Definition

A Memorandum of Understanding (MOU) is a non-binding agreement between two or more parties that outlines the terms and conditions of a potential future relationship or partnership. While generally not legally enforceable, it serves to clarify the expectations and responsibilities of each party involved.

Class Relationships

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Is Defined By

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See Also

Parent Class Of 0

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Class Hierarchy Visualization

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Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available