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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 404629
Credit & Course Provided by:

Nonprofit Obligations Under a Memorandum of Understanding

Live Webinar
August 27, 2020
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
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Learn what a memorandum of understanding is and when one should be used.

A memorandum of understanding (MOU) is an agreement between two (bilateral) or more (multi-lateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used either in cases where parties do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen’s agreement. Interagency or intergovernment MOUs are probably more prevalent than non-governmental MOUs. However, the concepts are the same. It is a major undertaking for a government to enter into a binding arrangement, thus they use nonbinding MOUs.

Learning Objectives

• You will be able to define memorandum of understanding.

• You will be able to recognize when to use an MOU.

• You will be able to identify if an MOU is binding.

• You will be able to describe the different components of an MOU.


Live Webinar$199Register Now