What is the Full Form of MOU?

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MOU Full Form is Memorandum of Understanding. It is a formal agreement between two or more parties which expresses the mutual accord on an issue. This can be stated as the initial step to a legal contract. It are very common and are used for domestic purposes like agreement between different companies or institutions. It is quite popular in global relationships, as it quickly ratified and is kept confidential as per requirement. It is also used to modify the existing legal deals.

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