Memorandum of Understanding
A Memorandum of Understanding (MOU) is a legal agreement among two or more parties. Companies and organizations use MOUs to establish an official partnership. Usually, MOUs are the initial steps towards a legal contract or an agreement. It is also known as the ‘letter of intent’, which is a non-binding written agreement that implies a binding contract to be followed.
Description
Checklist requirements of an MOU
At a minimum, an MOU must be executed between a recipient and sub-recipient and a third-party service provider which includes the following information.
Agency Information.
Recipient’s or sub-recipients identification information with points of contact.
Service provider’s identifying information with points of contact.
The unconditional commitment of third party providers to provide service.
Description of services to be provided.
Provision of the scope of services.
Specific contract to be matched.
Duration of the contract.
Point-in-time number of clients receiving service.
Total clients receiving service over the grant term.
Qualification of persons providing service.
The estimated value of services provided.
Documentation of service match
Documentation requirements, and responsibilities of the service provider and recipient.
Standard timelines of the service provider and recipient for providing services to individuals.
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