A memorandum of understanding (MoU) is an agreement between two or more parties. An MoU is not a legally binding contract but can often serve as the first step toward a formal contract.

USAG HUMPHREYS, South Korea – The U.S. Army Corps of Engineers and K-water signed a new Memorandum of Understanding (MOU) in an event at K-water’s Research Institute in Daejeon, South Korea ...