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Everything about Memorandum totally explained

A memorandum or memo is a note or communication that aids the memory by recording events or observations on a topic, such as may be used in a business office. The plural form is either memoranda or memorandums. A memorandum may have any format; or may have a format specific to an office or institution.
   In law specifically, a memorandum is a record of the terms of a transaction or contract, such as a memorandum of understanding, memorandum of agreement, or memorandum of association.

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