f the agreement between the parties. The Memorandum of Understanding can also make legally valid and the parties responsible for their obligation, or simply a partnership agreement. In the context of sharing agreements, a letter of intent is often used to define the expectations and responsibilities of each party. These MEMoranda of Understanding generally address issues such as: (1) who is responsible for the cost of maintenance and repairs, (2) insurance and liability, (3) personnel and communications, and (4) dispute resolution. Whether the terms of these agreements are legally enforceable as a contract ultimately depends on the intention of the parties. Therefore, parties to a sharing agreement should address the legal status of their agreement early in the negotiation process. Memoranda of Understanding are like contracts that define how two organizations will work together. While memoranda of understanding are technically legally binding, consider these documents as a tool to facilitate partnership and ensure a harmonious working relationship between two organizations.