1. A formal written agreement between two or more parties outlining terms and conditions of a proposed transaction or relationship, typically non-binding or preliminary in nature
The two companies signed a memorandum of understanding to explore a potential partnership.
As duas empresas assinaram um memorando de entendimento para explorar uma possível parceria.
2. A document that establishes the framework for future negotiations or formal agreements
The memorandum of understanding served as the foundation for the subsequent bilateral trade discussions.
O memorando de entendimento serviu como base para as subsequentes discussões comerciais bilaterais.