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Nonprofits and a Memorandum of Understanding

 

Learn when you should use a memorandum of understanding.

A memorandum of understanding is an agreement that communicates a union between two or more parties. The MOU indicates activity for the common good of the parties. MOUs are often used in situations where parties don’t involve a legal commitment or can’t create a contract that can be legally enforced. This white paper compares MOUs and other similar documents and discusses when to use an MOU and whether or not an MOI is binding.

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Nonprofits and a Memorandum of Understanding

Agenda

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Nonprofits and a Memorandum of Understanding

Faculty

Henry H. Raattama, Jr.

Henry H. Raattama, Jr.

Akerman LLP

  • Partner at Akerman LLP
  • Focuses on nonprofit organizations, higher education institutions, individuals, and families in complex tax, estate, and business planning matters
  • Chambers USA describes him as a leading nonprofit expert and notes his tremendous reputation
  • Frequent lecturer and author on tax matters and has been an adjunct professor in the Tax Master’s Program at the University of Miami College of Law
  • Member of the American College of Tax Counsel and The Florida Bar, where he is a past chair of its Tax Section and Tax Certification Committee
  • Active in the bar and community, he is a recipient of the Gerald T. Hart Outstanding Florida Tax Attorney, the James W. McLamore Miami-Dade County Volunteer of the Year Award, and Outstanding Professional Advisor, Miami-Dade County, Florida
  • Active member of the nonprofit community, having counseled many nonprofit organizations over the years and is involved with many charitable programs; he founded, and is currently a co-chair, of PhilanthropyMiami, whose participants include most of the nonprofit community in Miami Dade County
  • In addition to Chambers USA, he is a board certified tax lawyer by The Florida Bar Board of Legal Specialization and Education and recognized by Florida Trend as a legal elite tax attorney, The Best Lawyers in America, and other publications
  • LL.M. degree, New York University School of Law; J.D. degree, University of Florida Levin College of Law; B.S. degree, University of Florida; B.A. degree, University of Florida
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Nonprofits and a Memorandum of Understanding

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