The exact legal standing can vary based on the content of the MOU and jurisdiction. For instance, if the MOU contains elements that meet the criteria for a contract (offer, acceptance, consideration, and intention to create legal relations), then it can be a legally binding contract.
Funny how you displace your "exaggerations, half-truths, and flat out lies" onto KBLB to make it seem like you are to be believed. Your gig is up, though. Time for you to, in borrowing from your bashing of another...