A memorandum of understanding (MOU) is a document that expresses mutual accord on an issue between two parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen's agreement. Also called a letter of intent.
A student exchange agreement is a contractual agreement between two institutions of higher education in which they agree for the one-for-one exchange of students to attend a semester or academic year in a school in a foreign country while a student from that country attends the University of Wyoming. Tuition and fees are generally paid at the home institution of each student and housing is typically paid at the host institution which the student actually attends for the designated period.
A study abroad agreement allows for University of Wyoming students to study for a semester or academic year at a school in a foreign country. Tuition, fees, and housing are paid directly to the institution at which the student temporarily studies. These type of agreements allow students to study at a foreign institution without applying to be degree seeking students and allows them to remain degree seeking students at the University of Wyoming.