memorandum of understanding

British  

noun

1. Abbreviations: MOU.   MoU.  law a document that describes the general principles of an agreement between parties, but does not amount to a substantive contract

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Example Sentences

Mitsubishi Fuso and Foxconn in August announced the signing of a memorandum of understanding to explore a strategic collaboration on electric buses.

From The Wall Street Journal

Groshen says that those who sign a memorandum of understanding would be considered BLS agents, making any violations liable to prosecution under the Confidential Information Protection and Statistical Efficiency Act.

From Barron's

The announcement was made at a trade show in Las Vegas, where Bosch said it will sign a memorandum of understanding to continue its collaboration with Microsoft, which will explore technology to optimize production at factories through the use of agentic artificial intelligence.

From The Wall Street Journal

And a recent memorandum of understanding signed by the U.S. and U.K. calls for looking into the uses of nuclear energy at sea and the establishment of a maritime shipping corridor across the Atlantic Ocean—at a safe distance from other shipping routes—where nuclear-powered ships could be tested for emergencies like engine malfunctions and flooding.

From The Wall Street Journal

The proposal recently took a step forward after a memorandum of understanding was signed by Stoke-on-Trent City Council and project lead the IFK Legacy Community Interest Company.

From BBC