A memorandum of understanding (MoU) is a type of agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used either in cases where parties do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen's agreement.
EU companies to sign 40 billion euros' worth of deals with Egypt
"Companies are signing over 20 new deals or Memorandum of Understanding (MoUs) with Egyptian partners, which are worth over 40..
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