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.
The memoranda of understanding do not bind Rim Semi or any of the equipment manufacturers.
Tenneco Automotive announced today that it has signed Memoranda of Understanding with two Japan-based auto-parts suppliers, Futaba Industrial Co.
the "Company") is pleased to announce that the Company has signed three Memoranda of Understanding in the areas of raw material supply and product distribution, storage and marketing for the proposed Yichang phosphate project.
The pending memoranda of understanding represent a further essential step toward project financing for CanFibre Europe's current projects.