What Is The Difference Between A Letter Of Intent And Memorandum Of Agreement?…

What is the difference between a Letter of Intent and Memorandum of
Agreement?​

Answer:

is a kind of formal agreement which carry a degree of seriousness and mutual respect towards party to the MOU. It is first step towards the legal contract. Hence what we conclude about MOU is that it holds a lot of power because of the time, energy and resources needed to draft an effective and fair document.

Explanation:

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