Memorandum of agreement
A memorandum of agreement (MOA) or cooperative agreement is a document written between parties to cooperatively work together on an agreed upon project or meet an agreed objective. The purpose of an MOA is to have a written understanding of the agreement between parties.
An MOA is a good tool to use for many heritage projects. It can be used between agencies, the public and the federal or state governments, communities, and individuals. An MOA lays out the ground rules of a positive cooperative effort.
An MOA can be a document written as a result of dispute resolution. An MOA written in this context will clearly identify the dispute, the means of resolving the dispute and an agreement for cooperatively working as partners, or working as separate entities but with certain agreed and often legal recourse if the terms of the resolution is not met.
An MOA can also be used as a document outlining the cooperative terms of two entities to work in partnership on certain listed projects, or as a general partnership. The agreed responsibilities of the partners will be listed and the benefits of each party will be listed. As a part of the agreement there is usually a list of binding terms that makes the partnership a cohesive unit and often there is an obligation of funds attached to certain terms in the agreement. A tenancy MOA is an agreement between the parties and they may require consent to let from the current freeholders.--
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memorandum of agreement — memoˌrandum of aˈgreement noun memoranda of agreement PLURALFORM or memorandums of agreement PLURALFORM [countable] LAW another name for memorandum of understanding … Financial and business terms
memorandum of understanding — memoˌrandum of underˈstanding noun memoranda of understanding PLURALFORM or memorandums of understanding PLURALFORM [countable] LAW a document signed by two organizations to say that they are willing to work together, perhaps before a more… … Financial and business terms
agreement — a‧gree‧ment [əˈgriːmənt] noun [countable] 1. an arrangement or promise to do something, made by two or more people or organizations: • Under the agreement, the company will distribute our products in North America. • What happens if the warring… … Financial and business terms
Memorandum of understanding — A memorandum of understanding (MOU) is a document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases… … Wikipedia
Memorandum — Memoranda redirects here. For the open source personal information manager software, see Memoranda (software). For the documentary of the same name, see Memorandum (film). For the record label, see Memorandum Recordings. A memorandum (abbrev.:… … Wikipedia
Memorandum of association — The memorandum of association of a company, often simply called the memorandum (and then often capitalised as an abbreviation for the official name, which is a proper noun and usually includes other words), is the document that governs the… … Wikipedia
memorandum — mem‧o‧ran‧dum [ˌmeməˈrændəm] noun memoranda PLURALFORM [ də] or memorandums PLURALFORM [countable] 1. formal a … Financial and business terms
memorandum — mem·o·ran·dum /ˌme mə ran dəm/ n pl dums or da / də/ 1: a usu. informal written communication 2: a record (as a note) which is used by a party seeking to enforce an otherwise oral agreement in accordance with the Statute of Frauds to prove that… … Law dictionary
memorandum of deposit — memoˌrandum of deˈposit noun memoranda of deposit PLURALFORM or memorandums of deposit PLURALFORM [countable] LAW FINANCE a document showing an agreement with a bank when s … Financial and business terms
memorandum of understanding — n. A legal document that expresses an agreement between two parties but that is not as formal or binding as a contract. abbrv. MOU The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.… … Law dictionary