This document provides a primer on internal operating procedures for developing Memorandums of Understanding (MoUs) and agreements. It defines an MoU as a formal non-legal binding agreement between parties that requires inputs from each partner. The purpose of an MoU is to formalize partnerships and establish expectations. General guidelines for developing an MoU include identifying key people, setting broad goals and review dates. The stages for developing an MoU include initiation, draft review, internal review, revisions and signatures. Developing an MoU from initiation to signatures should take around 23 days. Following procedures safeguards the organization while ignoring procedures risks legal exposure and damage to credibility.
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