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In business, an MoU is typically a legally non-binding agreement between two (or more) parties, outlining terms and details of a mutual understanding or agreement, noting each party's requirements and responsibilities—but without establishing a formal, legally enforceable contract (though an MoU is often a first step towards the development of a formal contract).
The Constitution of Guyana is the highest governing document in the Republic of Guyana. It came into effect on October 6, 1980, replacing the constitution enacted in 1966 upon its independence from the United Kingdom. The current Constitution of Guyana contains 12 chapters that are further divided into 232 articles. [1]
The memorandum no longer restricts the activities of a company. Since 1 October 2009, if a company's constitution contains any restrictions on the objects at all, those restrictions will form part of the articles of association. Historically, a company's memorandum of association contained an objects clause, which limited its capacity to act.
Guyana is a parliamentary republic in which the President of Guyana is both head of state and head of government. Executive power is exercised by the President, advised by a cabinet. Legislative power is vested in both the President and the National Assembly of Guyana. [1] The judiciary is independent of the executive and the legislature.
On June 18, 1990, the Government of Guyana (GOG) and Atlantic Tele-Network (ATN) signed an agreement that would create a new, private limited liability company, GTT. ATN purchased 80 percent of the issued share capital and the GOG retained 20 percent of the company. The GOG later sold these shares to Hong Kong Golden Telecom Company Limited.
The company has a Memorandum of Understanding with the government of Guyana for plans to develop a hydropower plant at the Kumarau Falls on the Kurupung River. [ 6 ] [ 7 ] The company anticipates the government of Guyana will issue their mining license in 2021 after a final feasibility study.
Memorandum of understanding, MOU or MoU, a type of agreement between two or more parties; MOU, ISO 639 code for the Mogum language spoken in Chad; MoU, an abbreviation for Modern Ukrainian, the period of the Ukrainian language beginning at the very end of the 18th century; Mou boots, footwear company; Mu (unit), a Chinese area unit also spelled ...
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