Chief Brody retweeté

People just don't get it.
They don't understand what a "Memorandum of Understanding" ("MOU") actually is.
Trump is a businessman first and foremost, and I'm a corporate lawyer who has done a lot of financings and mergers, so I think I get where he is coming from.
An MOU is merely an initial framework for deal negotiations. MOUs are generally non-binding, and they simply chart a path towards a definitive agreement.
Deals fall through all the time even after an MOU is signed, and if the deal actually closes, about 95% of the time the definitive agreement differs materially from the MOU based on diligence and further negotiations.
Trump knows this, and it's how he thinks.
LHGrey™️@grey4626
This is the greatest thing I could have heard right now.... "It's a memorandum of understanding..." 🤣🤣🤣🤣
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