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A memorandum of understanding (MOU) is important because it clearly outlines the terms and expectations between parties, ensuring mutual agreement and reducing the potential for future disputes.

Printed courtesy of www.faribaultmn.org/ – Contact the Faribault Area Chamber of Commerce and Tourism for more information.
530 Wilson Avenue, Faribault, MN 55021 – 507-334-4381 – chamber@faribaultmn.org