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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In the spirit of cooperation and harmonization, the Accredited Standards Committee (ASC) X12 signed Memorandums of Understanding (MOU) with Health Level Seven (HL7) and The National Council for Prescription Drug Programs (NCPDP) to collaborate on business content and data standards development for health care.
CanFibre Amsterdam has also confirmed long-term wastewood supply as well as memorandums of understanding for sales and distribution for a range of ALLGREEN(TM) MDF including ALLGREEN(TM) MR (moisture resistant) and ALLGREEN(TM) FR (fire resistant), CanFibre's two premium MDF lines.
OTC BB:PWTC) announced today that it has entered into two memorandums of understanding with two separate entities for advancement of the Company's patented technologies.