A Declaration of Intent is an official document which states what the interested parties intend to do, but which does not have the legal force of a formal contract.
What is a Memorandum of Understanding?
A Memorandum of Understanding (MoU) is a nonbinding agreement between two or more parties outlining the terms and details of an understanding, including each parties’ requirements and responsibilities. An MoU is often the first stage in the formation of a formal contract.
What is a Memorandum of Agreement?
A Memorandum of Agreement (MoA) formalises a collaboration with a partner. An MoA serves as a legal document and describes the terms and details of the partnership agreement. The Agreement sets out the terms of the arrangement for the management and monitoring of the collaboration.
What is a Service Level Agreement?
A Service Level Agreement (or SLA) is the part of a contract which defines exactly what services a service provider will provide and the required level or standard for those services.