A memorandum of understanding (MOU) sets out the broad terms and intentions of parties heading toward a deal, signalling seriousness while leaving the binding detail to a later definitive agreement. Most provisions are non-binding, though clauses like confidentiality and exclusivity often are.
Whether an MOU creates legal obligations depends on its wording and the parties’ conduct; in Türkiye, careful drafting is needed because pre-contractual dealings can give rise to liability under good-faith principles.