Español
FrançaisAn attempt to resolve a dispute through discussions under the auspices of a neutral third party (mediator) where the contending parties are not obliged to accept the offered solution. This is in contrast to binding arbitration, where the contending parties…
Read MoreMemorandum of Understanding (MOU)
An informal record, document or instrument that serves as the basis if a future contract. A Memorandum of Understanding between companies is a document like a contract but not binding on the parties, except when confidentiality and non-competition agreements are…
Read More
