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Memorandum of understanding

Agreement between two (bilateral) or more (multilateral) parties

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A memorandum of understanding (MoU) is a type of agreement between two (bilateral) or more (multilateral) 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.

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Peru to sign MoU to join China's Belt and Road club in coming days: Chinese ambassador

Peru will sign a memorandum of understanding to join China's ambitious Belt and Road infrastructure initiative in coming days, China's ambassador said on Wednesday.
Reuters - Published

Italy says MOU with China not meant to upset strategic alliances

The Memorandum of Understanding Italy is drawing up with China is not meant to upset strategic alliances, Italy's Deputy Prime Minister Luigi Di Maio said on Tuesday in a bid to soothe U.S. concerns.
Reuters - Published

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