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INDUSTRY Reports ExplainedJANUARY 2019MOUs ExplainedIndustry Report January 2019MOUs Explained: What Hotel Owners and Operators Need to Know records the details of an agreement between two companies
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Mous stands for Memorandum of Understanding. It is a document that outlines an agreement between two parties.
Parties involved in an agreement that have decided to formalize their understanding.
Mous is typically filled out by outlining the terms of the agreement, including the responsibilities of each party.
The purpose of mous is to ensure that both parties are on the same page regarding the terms of their agreement.
Information such as the parties involved, the terms of the agreement, and any relevant dates must be reported on mous.
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