Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Memorandum of Understanding (MOU)”
  • Memorandum of Understanding (MOU)

    A quasi-contract generally entered into between government entities and private sector contractors who may be providing services to the government. It may also be entered into between inter/intra government entities and details the essence of the agreement between the parties, but lacks the enforceability of a contract.