Final answer:
A memorandum of understanding (MOU) or memorandum of agreement (MOA) is equivalent to a letter of intent; it implies intent to work together, but not a legally binding contract. Option c is the correct answer.
Step-by-step explanation:
A memorandum of understanding (MOU) or memorandum of agreement (MOA) is a formal agreement between two or more parties. It's not legally binding like a contract, but it signifies a convergence of will between the parties, showing 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.
A common synonym for an MOU or MOA is a letter of intent. Unlike a service level agreement, which outlines the level of service expected from a service provider, or a business partner agreement, which is a contract detailing the terms of a partnership, and a communication policy, which sets the protocols for communication within and outside an organization, a letter of intent simply declares the intentions of the parties to work together toward a common goal.
Therefore, the correct option is c. Letter of intent.