Like I said earlier, if you look around there are dozens of...

Like I said earlier, if you look around there are dozens of references online about the difference between an MOU and and Agreement in a legal sense. Here's a cut and paste from on of the more succinct versions:

Mou is Memorandum of Understanding, it is just a document or a mean for two parties to reach a decision. Its a first stage of formation of Final Formal contract/Agreement.

Agreement is any document which is enforceable by Law.

You can have substantial rights in Agreement and not in MoU.​

​

I'm pretty sure you can't just willy nilly change the descriptor of such a document when making an ASX announcement. If you read the announcement, there are a number of things VRC have to do to satisfy the agreement, but it is an agreement, not an MOU.


I dunno, call me old fashioned, but I'd rather take the official announcement and what I understand of the law over someone called Hulahoop who says you can just 'rebrand' legal docs... just my opinion.