Which type of agreement is less formal and focuses on mutual goals between two or more organizations?

The correct choice is the Memorandum of Understanding (MOU). An MOU is designed to outline the mutual goals and intentions of two or more parties without the binding legal commitments that contracts typically encompass. This makes it a less formal agreement, suitable for scenarios where parties want to collaborate but may not be ready to engage in restrictive and binding contractual terms.

MOUs serve as a framework for cooperation, allowing organizations to define their relationship, objectives, and the scope of work in a clear but non-binding manner. It encourages alignment and understanding among the parties involved, fostering a cooperative spirit while still providing a foundation for future collaboration.

In contrast, other agreement types like the Memorandum of Agreement, Business Partners Agreement, and Contractual Collaboration Agreement generally imply a higher level of formality and legal obligation, outlining specific legal responsibilities, deliverables, or terms that the parties must adhere to. These types are more structured and formalized, differing significantly from the flexible nature of an MOU focused on mutual goals.