MoU

🔹 MOU – Memorandum of Understanding

A formal agreement between two or more parties to show they plan to work together.
✅ It’s not usually legally binding.
📌 Example: A university signs an MOU with a research institute to explore joint research projects.

🔹 LOI – Letter of Intent

A letter that shows interest or intent to do something in the future.
✅ It’s often the first step before a more formal agreement.
📌 Example: A company sends an LOI to a university to express interest in offering student internships.

🔹 MOA – Memorandum of Agreement

A detailed agreement that clearly outlines what each party agrees to do.
✅ It is often legally binding.
📌 Example: An MOA between a faculty and an agency to run a joint training program with specific roles and timelines.