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Memorandum of understanding: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{a|contract|}}{{d|{{PAGENAME}}|/ˌmɛməˈrændəm ɒv ˌʌndəˈstændɪŋ/|Also, an '''''MOU''''') (n}} A posh — and gender appropriate — way of saying a “...") |
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{{a|contract|}}{{d|{{PAGENAME}}|/ˌmɛməˈrændəm ɒv ˌʌndəˈstændɪŋ/|Also, an | {{a|contract|}}{{d|{{PAGENAME}}|/ˌmɛməˈrændəm ɒv ˌʌndəˈstændɪŋ/|Also, an “[[MOU]]”) (n}} | ||
A posh — and [[gender]] appropriate — way of saying a “[[gentlemen’s agreement]].” | A posh — and [[gender]] appropriate — way of saying a “[[gentlemen’s agreement]].” | ||
A lawyer will tell you — is '' bound'' to tell you, with an existential shudder, that [[MOU]]s aren’t worth the paper they are written on, but lawyers operate in general structural defiance of the [[commercial imperative]], so who cares what they think. And while it is generally | A lawyer will tell you — is '' bound'' to tell you, with an existential shudder, that [[MOU]]s aren’t worth the paper they are written on, but lawyers operate in general structural defiance of the [[commercial imperative]], so who cares what they think. | ||
And while it is generally true this is also true, in a bigger picture sense, of any [[contract]] with a commercial value less than about £10 million, however legally binding in theory, since the cost of enforcing it means no-one in possession of sound mind and competent legal advice would launch legal action for a sum smaller than that. | |||
{{sa}} | {{sa}} | ||
*[[Commercial imperative]] | *[[Commercial imperative]] | ||