A memorandum of understanding (MOU) includes various aspects that are helpful in defining a bilateral or multilateral agreement between two parties. which of the following are various aspects included in a memorandum of understanding (MOU)?
Each correct answer represents a complete solution. Choose three.
A.
Compensation Details
B.
Enforceable agreement
C.
Communication Details
D.
Terms of Agreement
Explanation:
The various aspects included in a memorandum of understanding (MOU) are as follows:
Communication Details:
The names and contact information of each party
o Any probationary or trial period
o Any set date to review activity, performance, or satisfaction with the arrangement o What parts of this arrangement are open to change or negotiation and how? o What aspects of the arrangement should require formal notification and how? o How will disputes be settled?Compensation Details:
o Who handles the money and how?
o How are people paid?o When are people paid?
o How much are people paid?
o How long are people paid?Terms of Agreement:
o When does the agreement start?
o How long does it last?
o How is the agreement terminated?
o What happens at the end of or after the agreement?Miscellaneous:
o Any restriction to either party
o Any disclaimer statement
o Any privacy statement
o A place for all parties to sign the agreement