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Legal

MoU

Memorandum of Understanding

A written statement that two parties intend to work together. It records the plan but is usually not fully binding on its own.

Example

Two startups sign an MoU to explore a partnership before spending lawyer time on a full contract.

Related terms

Term Sheet
A short, mostly non-binding document that lays out the key terms of an investment before the full legal paperwork is drawn up.
NDA
A contract where two sides promise to keep shared information secret. Common before sharing sensitive plans or code.

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