OTCPK:NWKRF - Post by User
Comment by
TruthAboutHipon Jul 13, 2018 12:50pm
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Post# 28313010
RE:MOU vs. Supply Agreement
RE:MOU vs. Supply AgreementMy arguement regarding MOU is simply that from a legal standpoint that no one is bound to any aspect of the agreement. I simply think it is an important fact to take into consideration.
For those who don't know.
What is a 'Memorandum of Understanding - MOU'
A memorandum of understanding (MOU) is a nonbinding agreement between two or more parties outlining the terms and details of an understanding, including each parties' requirements and responsibilities. An MOU is often the first stage in the formation of a formal contract.