Is an MOU legally enforceable?

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Hello,

I am curious if an Memorandum of Understanding is legally enforceablee like a contract.

Many thanks.

 

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Does anyone know?

 

[JETX]

If what you are calling a "Memorandum of Understanding" is the same as an Agreed Judgment (agreement between two or more parties in resolution of a dispute), then yes it is just as valid as a judgment.

But then, since you can't follow instructions (see the RED at the top of the page.... WHERE ARE YOU???), I might be wrong.


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Steve Halket
Judgment Recovery of Houston
[email protected]
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This is my PERSONAL OPINION and is not legal advice! Consult your local attorney for your specific situation and laws!

 

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Thank you, Halket, for your response. I am based in UK but I think the general legal principle probably applies anywhere in US, UK and Australia.

I have signed an MOU with another party to sell my shares in a company for $x and on certain terms. We also agreed to draw up a contract to 'more properly' execute our agreement (as in the MOU). The other party is changing mind about the agreed terms and price now. If I am in US, can I legally enforce the MOU and make him sign a contract based on what we already agreed in the MOU?

Many thanks.