The mainstream media keep WRONGLY referring to the US / Iran memorandum of understanding as a ‘deal’. Please can you put these fools straight? Many thanks.

A memorandum of understanding (MoU) is a formal but typically non-binding agreement that outlines shared intentions and cooperation between parties, while a deal usually refers to a binding contract or transaction that finalizes specific terms and obligations. Georgia Institute of Technology Wikipedia

Definitions

Memorandum of Understanding (MoU)

A formal agreement between two or more parties.

Typically non-binding, outlining shared intentions and cooperation.

Used to express a convergence of will without creating legal obligations.

Deal

Refers to a binding contract or transaction.

Finalizes specific terms and obligations between parties.

Legally enforceable, creating obligations that must be fulfilled.

Key Differences

Usage Context

MoUs are often used in early stages of collaboration to establish shared goals and expectations without the complexity of legal formalities.

Deals are used when parties are ready to commit to specific terms and responsibilities, ensuring legal enforceability.

In summary, an MoU serves as a preliminary agreement to outline intentions, while a deal solidifies those intentions into a legally binding contract.