Divorce Settlement – What is MOU [Memorandum of Understanding]

Divorce Settlement - Memorandum of Understanding

CompareSeparation AgreementNon-binding MoU
DefinitionAn agreement is a document by which parties commit to working together to reach a common goal.An MOU describes the terms of an agreement without being legally binding or involving the transfer of finances.
TraitsIt grants substantial rights to the parties.There should be a clear mention of another agreement that will be drawn, up at a later stage
Enforceable in a court of law?You can legally enforce this document in a court of law.This document cannot be legally enforced in a court of law.
Binding?Yes, always.Only if the MOU is signed with the intention of exchanging monies.

You need to take Action to leave the uncertainty behind!

I help conflicted and outcome-focused separating couples create separation agreements with clarity and soft landings for secure futures in 4 meetings or less without lawyer created overwhelming conflicts, confusion and costs.

Skip the MOU and get to the Separation Agreement!

I help outcome-focused separating couples create separation agreements with clarity and soft landings for secure futures in 6 steps or less without lawyer created overwhelming conflicts, confusion and costs.

2019-12-13T13:47:15-05:00By |Divorce Costs Ontario|

About the Author:

I help outcome-focused separating couples create separation agreements with clarity and soft landings for secure futures in 4 meetings or less without lawyer created overwhelming conflicts, confusion and costs. You can meet me online or at any of the 6 DTSW Greater Toronto mediation centres including | Aurora | Barrie | North York | Vaughan | Mississauga | Scarborough