Document background
The Memorandum Of Understanding Between Nonprofit Organizations is a crucial document for formalizing partnerships between non-profit entities in the Philippines. It is commonly used when organizations wish to collaborate on projects, share resources, or work towards common goals while maintaining their separate legal identities. This document type is particularly important in the Philippine context where nonprofit collaborations must comply with specific regulatory requirements under the Corporation Code and SEC guidelines. It typically includes sections on mutual objectives, resource sharing, operational procedures, and governance arrangements while remaining less formal than a binding contract. The MOU serves as a foundational document for establishing clear expectations and responsibilities while promoting transparency and accountability in nonprofit partnerships.
