Revealed: Why MOUs are Here to Stay

As long as the sun rises from the East and sets in the West, men will continue cutting deals, striking agreements and signing contracts. Yes, this is a universally accepted fact of life. One such lasting deal involves the signing of Memorandums of Understanding. Why can we be sure that MOUs are here to stay and that they constitute a crucial segment of man’s life? Let’s dive right in and find out. MOUs Help Organizations Circumvent Legal Conundrums Often, when making agreements, many organizations would rather avoid the complexities and intrigues associated with various legal and ultra-formal documents that are … Read more

How to Ensure Your MOU is Legally Enforceable

A recent report by the United States Justice Department indicates that an impressive 97% of civil cases in the country are literally being won and lost away from the court corridors. In fact, the report shows that in 1992 more than 22,451 civil cases went to US courts. A decade later, in 2002, only 11,908 cases reached the same courts. Drawing from these statistics, it is clear that using the right strategy, you can win a court case long before the trial happens. This can be either by avoiding litigation outright, or confronting the adversary with a compelling, watertight case. … Read more

How to Craft a Watertight MOU that Stands the Test of Time

Tragedy struck on April 15, 1912.  The world was shocked. Titanic, the famous luxury steamship, which was widely touted as ‘unsinkable,’ actually sank in the North Atlantic coast, killing more than 15,000 people on board. Experts claim that, from the start, Titanic was doomed. Why? The gigantic ship’s design, which was popularly praised as an awesome state-of-the-art marvel, spelled doom for the vessel. It had 15 watertight bulkhead compartments, complete with a double bottom. Each chamber had watertight electric doors, controlled by a switch. But there was a problem. The Titanic’s seemingly impregnable watertight design had a hidden flaw, allowing … Read more

What is a Memorandum Of Understanding?

President Donald Trump shocked a reporter with the bold declaration that he did not like memorandums of understanding “because MOUs don’t mean anything.” Quite intriguing… The President had been asked to say how long he thought the China-US memorandums of understanding would last. Was he right? Not really. While he may have alluded to the fact that MOUs are not legally binding, they can have grave ramifications for the parties involved, depending on varying circumstances. You might wonder how this relates to your personal or family life, but wait a moment. Before you trash the subject of MOU as merely … Read more