Memorandum of Understanding (MOU): Key Items for Effective Agreements

Description

This Skill Bit talks about how MOUs can be problematic due to lack of enforceability, ambiguity, missing details, misuse as a final agreement, confidentiality concerns, absent termination clauses, and unspecified governing law. Careful drafting and legal advice are crucial to avoid these pitfalls.

Duration approx. 4 Min.

Tier: basics