A MOU is generally a non binding agreement that sets out what the parties to the MOU will do for each other - basically an understanding of what each will bring to the table in respect of the MOU. IMO the use of binding with a MOU is pointless as there is no intention to create legal relations per se in the same way that a contract requires the parties to have the intention to create legal relations and to be bound by the terms. IMO what they have is an understanding that each will bring what ever is part of the MOU to the table and that the intend to be 'bound' by this to effect the MOU as opposed to having a legally enforceable contract. At the end of the day a MOU is not legally binding on the parties.
All IMO.
A MOU is generally a non binding agreement that sets out what...
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