A Memorandum Of Understanding is not a binding contract but suggests a convergence of will

Dear Editor,

Wikipedia the free encyclopedia says that 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 gentleman’s agreement, but generally lacks the binding power of a contract. In Guy-ana this may offer a whole new meaning.

In my own little world an agreement was entered into between Government and Buddy’s International Hotel to realize casino gambling at the said premises. Whether it is materialized now or in the future, that was the deal that was brokered.

No matter how many arguments that you hear that a licence has not been granted, this will not change the fact that a casino is going to be a part of the attraction of Buddy’s International Hotel. No doubt the legality of the casino deal as well as the red tape formalities have to be worked out before we see it getting off the ground. You will hear all the requirements have been met and then a grand gala affair is to be held to announce its opening. I too am gleaming with glee, waiting for the secrecy to be re-vealed surrounding the casino deal. Non-disclosure clauses should be for matters of public interest. Are we going to see a commission of inquiry?

Yours faithfully,

K. Persaud