A memorandum of understanding (MOU or MoU) is a formal agreement between two or more parties. Companies and organizations can use MOUs to establish official partnerships. MOUs are "not legally binding" but they carry a degree of seriousness and mutual respect, stronger than a "gentlemen's agreement".
Fortrend International & IES MoU Signing Ceremony
for a sky bungalow joint venture project between Fortrend (as funder) and IES(as developer) 只是签MOU而已,没有法律约束的!所以project不一定会建得成。