memorandum of understanding

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memorandum of understanding

In the United States, a non-binding (i.e., non-contractual) formal agreement between the FDA and federal, state or local government agencies; academic institutions; and other entities, which constitutes an “understanding” between parties as to the lines of authority or responsibility, or to clarify co-operative procedures.
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The Memoranda of Understanding concern the cooperation between the two counties in the fields of education, energy and desalination and waste water treatment and reuse, while the Agreement concerns the cooperation on legal affairs.
Rangos also announced that he will personally guarantee $15 million of the Company's obligations under the memoranda of understanding.
The eCall Driving Group has developed a roll-out plan which includes (1) garnering memoranda of understanding from key stakeholders by June 2005, (2) agreeing on the business model and standards by the end of 2005, (3) full specification of in-vehicle systems by June 2006, (4) infrastructure and full-scale field tests during 2006 - 2007 and (5) eCall as standard equipment in all new vehicles starting from models introduced after September 2009.
Tenneco Automotive announced today that it has signed Memoranda of Understanding with two Japan-based auto-parts suppliers, Futaba Industrial Co.