Submitted by Understanding on
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Question:
what is a memo of understanding and why is it used?
Selected Answer:
A memo of understanding is a
Submitted by elizabethcarlsen on
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A memo of understanding is a
Submitted by elizabethcarlsen on
A memo of understanding is a document that describes an agreement between two or more parties. The purpose of such an agreement will depend on the situation in which it is used. Generally, a memo of understanding outlines the parties intended actions. A memo of understanding can be legally binding depending on the terms used in the contract. For example, a memo of understanding can be used as a contract between a union and a city regarding employment for the city’s employees. If you have questions regarding how a memo of understanding will impact your case, contact a Rhode Island attorney as soon as possible.
A memo of understanding is a document that describes an agreement between two or more parties. The purpose of such an agreement will depend on the situation in which it is used. Generally, a memo of understanding outlines the parties intended actions. A memo of understanding can be legally binding depending on the terms used in the contract. For example, a memo of understanding can be used as a contract between a union and a city regarding employment for the city’s employees. If you have questions regarding how a memo of understanding will impact your case, contact a Rhode Island attorney as soon as possible.