BE CAREFUL, A MEMORANDUM OF UNDERSTANDING IS NOT A CONTRACT ! ATTENTION, UN PROTOCOL D’ACCORD N’EST PAS UN CONTRAT !
English version Contrary to the glowing announcements published in the Gabonese press, it is a Memorandum of Understanding (MoU) that was just concluded in mid-June 2026 between the French group LVMH and Agadev. This MoU focuses on securing the French group's supply of Gabonese forestry products and resources. A Memorandum of Understanding is a preparatory document that formalizes the intentions of several parties to collaborate. A contract, on the other hand, is a definitive agreement that creates legally binding obligations. The fundamental difference lies in the level of commitment and legal force. Although the exact financial terms and targeted volumes have not yet been made public, this MoU centers around the traceability and valorization of raw materials. For LVMH As the world leader in luxury, the primary objective is to secure its supply chains with sustainable materials. By partnering directly with Gabon, LVMH seeks to ensure that the forest resources it uses are traceabl...