Cohousing-L Mailing List: Re: MOU definition

[Craig Ragland (craigragland]

Thanks! (Also for the multiple private emails)

I now understand that a MOU is also sometimes labeled a DOU (Document of
Understanding). I come from the software world, where we most often used
what was called a LOI (Letter of Intent) - as a similar deal-making
instrument.

In all three cases, this document relates to a potential future
agreement/contract. From my own experience, the parties hoping to form a
significant agreement generally send some language back-and-forth (hooray
for email) to detail some of the basics of what they hope to achieve
together. It may or may not specify any terms, but often does speak to how
they hope to arrive at mutually agreeable terms.

A core goal is that it can be "walked away from" by any party without
significant consequences - except for the lost investment the parties made
in creating the document.
On Fri, May 9, 2008 at 9:56 AM, Kristen Simmons <simmonskristen [at] gmail.com>
wrote:

>
> MOU = Memorandum of Understanding
>


> --
> Craig Ragland
>
> Coho/US executive director
> http://www.cohousing.org
> craig [at] cohousing.org
>
> Please try email first, include your phone number (w/time zone) - or give
> me a call: 425-487-3550 (Pacific)... communicate!