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10/1/25 BH MOU & Contracts

Veronika A Dean

Created on August 22, 2025

Lesson/JA Fin MOU

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Transcript

Five Keys CTE

business & entrepreneurship academy

Welcome to the course!

Lets get into our business or entrepreneurial mindset answer on paper

If you make a deal or an agreement with someone, and they DON'T "hold up their end of the deal" what do you do? What do entrepreneurs and business owners do? What if you only agreed verbally and maybe shook hands? Can you take someone to court?

To Do:

Do We Need a Contract or MOU

Stakeholder Input

In Agreement

Today's Assignments

do we need a contract or mou?

What needs to be in place for our upcoming field trip to the JA Finance Park? Lets start with feedback from all stakeholders. Where else in business do we need good feedback?

click on each and define both terms on paper

MOU

CONTRACT

I need my students to understand the expectations and if the assignments are not done they can't participate. I don't think it is an issue but want to make sure...maybe MOU?..

writing an mou

resume skill: use ai to complete tasks

JA Finance assignments THese count for attendance according to the mou. 1:1 meeting -
  • review survey data
  • plan semester focus
  • Launch?
  • certify?
  • real estate?
  • sales?
  • adminstrative support?

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Contract

an agreement between two or more parties that creates in each party a duty to do or not do something and a right to performance of the other's duty or a remedy for the breach of the other's duty
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MOU

A memorandum of understanding, or MOU, is a nonbinding agreement that states each party's intentions to take action, conduct a business transaction, or form a new partnership. This type of agreement may also be referred to as a letter of intent (LOI) or memorandum of agreement (MOA)

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