MOU or Memorandum of Understanding
A memorandum of understanding (MOU) is a formal written agreement between two or more parties. An MOU is used in business and political settings to express mutual understanding and intentions but is just short of being a legally binding contract.
This glossary provides an overview of some key legal terms for startups. It's essential to consult with a legal professional to ensure a comprehensive understanding of these terms and their implications for your specific situation.