CATEGORY

July 2, 2012

Contracts vs. MOUs
Contracts, Waivers, and Releases

MOUs versus Contracts

Nonprofits tend to view MOUs as a kinder gentler way to document their intentions.  However, a contract is, at its core, an offer by one party to do something, an acceptance by the other party, and the promise to exchange something of value to seal the deal. Under this definition, the MOUs we see nonprofits create are almost always bare bones legal contracts.

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