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Replies to post #30353 on Greenfield Farms Food Inc. (fka GRAS)
C.G.B Spender
01/15/18 2:36 PM
#30354 RE: 12ka #30353
MOUs are not legally binding but are viewed as serious documents by the law. In the United States, an MOU is the same as a letter of intent, which is a nonbinding agreement stating a binding agreement will soon follow. MOUs are most often used as part of multinational international relations because, unlike treaties, they are quick and can be kept secret. However, MOUs can also be used as a tool to modify existing treaties and domestically.