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GO Committee #1 September 30, 2021, Work session MEMORANDUM September 27, 2021, TO:Government Operations CommitteeFROM:Robert H. Drummer, Senior Legislative AttorneySUBJECT:Expedited Bill 2921, Contracts
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M E M O stands for Memorandum of Understanding. It is a document outlining the terms and details of an agreement between parties.
Parties involved in an agreement or contract are required to file a M E M O.
M E M O can be filled out by including details of the agreement, signatures of parties involved, and any other relevant information.
The purpose of M E M O is to provide a written record of the agreement and ensure all parties are clear on the terms.
M E M O must include details of the agreement, responsibilities of each party, timelines, and any other pertinent information.
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