A legally binding agreement between two or more parties outlining the terms and details of a specific project or business relationship.
A Memorandum of Agreement (MOA) is a legal document that outlines the terms and details of an agreement between two or more parties. It typically includes information such as the purpose of the agreement, the obligations and responsibilities of each party, the timeline for completion of the agreement, and any penalties for breach of the agreement. The MOA is typically signed by all parties involved and serves as a binding contract between them. It is commonly used in business, government, and other organizations to formalize partnerships, collaborations, and other agreements.