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Meeting Date: November 19, 2015Agenda Item No. 5AAgenda Item: OGLE/IDF Memorandum bureau Chief Approval:Understanding (Action) Prepared by: Brad Compton for Ed Schroeder Background: OGLE and the Idaho
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It is a formal agreement between two or more parties outlining the terms and details of their collaboration or partnership.
Typically, organizations or entities entering into a partnership or collaboration are required to file the memorandum of understanding.
The memorandum of understanding can be filled out by detailing the objectives, responsibilities, and terms of the agreement between the parties involved.
The purpose of the memorandum of understanding is to establish a clear understanding of the terms of the partnership or collaboration and to ensure that all parties are on the same page.
The memorandum of understanding should include details such as the names of the parties involved, the objectives of the collaboration, the responsibilities of each party, and any specific terms or conditions.
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