Unlike a Memorandum of Understanding, it is more likely that a Memorandum of Understanding will impose certain obligations on the parties. A contract protocol, also known as a „Memorandum of Understanding (MoU)”, is a form that precedes a sales contract in which two parties agree on the same objective – the sale/purchase of real estate. A memorandum of understanding or MOU might even be some kind of agreement. it is a non-binding agreement between two or more parties. Whether a document constitutes a binding contract depends solely on the presence or absence of clearly defined legal elements in the actual text of the document (the „four corners”). The necessary elements are: offer and acceptance, consideration and intention to be legally bound (animus contrahendi). .

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