A memorandum of understanding (MOU or MoU) is a formal agreement between two or more parties. Companies and organizations can use MOUs to establish official partnerships. MOUs are not legally binding but they carry a degree of seriousness and mutual respect, stronger than a gentlemen's agreement.
I believe it's important to note that so far AVZ has signed two publically announced MOUs. There is a strong likelihood that there are private MOUs that have not been announced that has been speculated on in the past.
Haplo
A memorandum of understanding (MOU or MoU) is a formal agreement...
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