What describes an agreement between two or more parties and demonstrates a "convergence of will" between the parties?so that they can work together?
A)MOU
B)NDA
C)BPA
D)ISA

Question

Quizplus · Accepted Answer

MOU stands for Memorandum of Understanding, which is a formal document that outlines an agreement between two or more parties. It demonstrates a convergence of will between the parties and lays out the terms and conditions of their cooperation. The document is not legally binding, but it serves as a basis for further negotiations and a guide for future actions. NDA (Non-Disclosure Agreement), BPA (Blanket Purchase Agreement), and ISA (Interchange Service Agreement) are all types of agreements but do not necessarily demonstrate a convergence of will for parties to work together.

What Describes an Agreement Between Two or More Parties and Demonstrates