MOUs are often misunderstood documents. It is a fine line for parties to 100% agree to something when usually at the MOU stage, the details are unknown. What you don't want is an MOU putting you on the hook 100% to an outcome when you don't have all of the information to enable you to make that decision. 

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A good way to use an MOU is for the parties to agree that they will work together towards a particular outcome, but without binding themselves to that outcome. For example, you may want to purchase a business and want to have a common understanding about the price, but you don't want to be on the hook to buy the business until you have gone through a proper due diligence process and the purchase has been fully documented by a lawyer.

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A straight forward MOU can give you parameters to work within in the lead up to a formal agreement so that everyone is on the same page about the intended outcome, but either party can pull out of the deal at a later stage if something in the due diligence does not stack up. 

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