MOU stands for Memorandum of Understanding, which is a formal agreement between two or more parties outlining the terms and details of a mutual understanding, intention or agreement. It is a non-binding document that typically outlines a framework for cooperation or collaboration between the parties involved.

MOUs are commonly used in business, government, and non-profit organizations as a tool for setting out broad principles and goals for a partnership or joint project. They can also be used in international relations to establish a framework for cooperation between countries.

Some common elements of an MOU include a description of the parties involved, the purpose of the agreement, the scope of the project or collaboration, the roles and responsibilities of each party, and the terms and conditions of the agreement. While MOUs are not legally binding, they are often used as the basis for more formal contracts or agreements.