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A Memorandum of Understanding (MOU) is not legally binding but is deemed by law to be a serious document. In the United States, an MOU is the same as a letter of intent, which is a non-binding arrangement that will eventually be accompanied by a binding contract. MOUs are most commonly used as part of global foreign affairs since they are swift and can be kept secret, unlike treaties. Visit here: https://vakilsearch.com/memorandum-of-understanding

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