Business terms and jargon explained. Your business dictionary
What is Memorandum of Understanding
When a group of individuals is contemplating setting up a business, they will get to the point where they should write down in a memorandum of understanding, the object of the business, and what each person contributes in time, money and resources. Get a Memorandum of Understanding.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.