Don’t Misunderstand the Memorandum of Understanding
Posted on Jan 20, 2015 by TURNER PADGET LITIGATION TEAM
Can a city change its mind about development partners after signing a memorandum of understanding (MOU)?
That question bounced around in South Carolina courts for a decade, and the state Supreme Court issued the final answer last summer. A city – or any party – may back out of an “understanding” that doesn’t include a definitive agreement.continue reading