Letter Of Understanding Malaysia. Failure to submit this letter may result in the person being denied permission to board the aircraft, or other public transportation. Letter of understanding (lou) or memorandum of understanding (mou) is a formal letter that contains text which states an agreement between two parties.
Mous are much more formal than the usual handshake agreements that we usually do because it clearly encodes all arrived decisions, expectations, rights, and responsibilities of both parties. The company is not closing, however, a chosen group of employees are retrenched. The management (name and hotel address)**
A memorandum of understanding doesn’t typically form any legal obligations for the parties involved.
Although the end result for retrenchments, vss and mss are the same (employee layoffs), there are a few differences: Memorandum of understanding template pandatip: Understanding retrenchment, vss and mss. Letter of understanding (lou) or memorandum of understanding (mou) is a formal letter that contains text which states an agreement between two parties.