Business Studies, asked by surendarkanojiya1, 3 days ago

is an agreement regarding mutual responsibilities between two or more parties

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Answered by dharanidattakankanal
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Explanation:

In business, an MoU is typically a legally non-binding agreement between two (or more) parties, that outlines terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first

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