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

Lee singled out a memorandum of understanding to boost regulatory cooperation in the health sector, which could ease barriers for K-beauty skincare products shipped to South America.

From Barron's

Chevron has a sizable position in Argentina’s Vaca Muerta shale play and recently signed a memorandum of understanding to explore in Libya, which holds shale resources.

From The Wall Street Journal

Japan and the EU will conclude a memorandum of understanding within 30 days on how they can jointly support projects in mining, refining, processing and recycling, the governments said in a joint statement.

From The Wall Street Journal

While the two parties have a memorandum of understanding to build at least 10 gigawatts of computing power, that is set to take years.

From Barron's

They announced a memorandum of understanding for Nvidia to build at least 10 gigawatts of computing power for OpenAI, and the chip-maker also agreed to invest up to $100 billion to help OpenAI pay for it.

From The Wall Street Journal