“I believe a solution exists: a formal Memorandum of Understanding (MOU) among the BOE, BET, and RTM. While not legally binding, MOUs are common tools for bridging gaps between commitment and legal execution. They offer good-faith, public assurance that all parties intend to act in a specific, coordinated way. They are reliable because the signatories make clear, unambiguous public representations – and any breach is highly visible and reputationally costly. In my experience, while not legally binding, MOUs have proven to be binding in every other respect in providing virtual certainty.” – Jim Healy Continue Reading →
