# What is Memorandum of Understanding
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An agreement between two or more parties outlined in a formal document. It is not legally binding but signals the willingness of the parties to move forward with a contract.
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在我國有與MOU相似的「預約」制度。預約,是約定將來成立本約的債權契約,我國基於契約自由原則,承認預約的存在。而與一般契約不同,預約的當事人所負有的義務,只是成立本約的義務,並非履行本約的內容。(我怕有人看不懂英文)
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### simple example
* MOU
* I am going to buy a book.
* contract
* I bought a book.
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### KEY TAKEAWAYS
* a document that describes the broad outlines of an agreement that two or more parties have reached.
* expectations of all of the parties involved in a negotiation.
* While not legally binding, still signals that a binding contract is imminent.
* The MOU is often found in international relations.
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### learn more
https://www.investopedia.com/terms/m/mou.asp
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