What’s the Difference between a MOU and a MOA?

            The following definitions are from Wikipedia, the free encyclopedia:

Memorandum of Understanding

A memorandum of understanding (MOU) is a legal document describing a bilateral agreement between parties.  It expresses a convergence of will between the parties, indicating an intended common line of action, rather than a legal commitment.  It is a more formal alternative to a gentlemen’s agreement, but generally lacks the bind power of a contract.

Memorandum of Agreement

A memorandum of agreement (MOA) or cooperative agreement is a document written between parties to cooperatively work together on an agreed upon project or meet an agreed upon objective.  The purpose of an MOA is to have a written understanding of the agreement between parties.  The MOA can also be a legal document that is binding and hold the parties responsible to their commitment or just a partnership agreement.