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MEMORANDUM OF UNDERSTANDING (MOU)

WHAT IS MOU?

MOU is a formal agreement between 2 or more parties, generally to perform and abide by a set of obligations not legally binding by nature.


It may also be referred to as ‘Letter of Intent’, outlining the responsibilities of the parties involved.

OUR SERVICES :

Our experienced professionals will draft whichever document you need, tailored to your business requirements. We offer every client  a free consultation call to

thoroughly discuss their requirements and clarify any doubts they may have after which a customized document is drafted, according to every client’s specific needs.

Let us draft a MOU for you, personalized and customized according to your specific needs.

BENEFITS

01

To perceive and set goals

and objectives

02

Reduce the risk of ambiguity

03

No risk of non-compliance

of obligations

04

Sets up framework for

future commerce amongst

the parties

Terms of a typical MOU:

  • Objective & purpose

  • Responsibilities of each party

  • Validity of MOU

  • Disclaimers

  • Terms & Conditions

  • Confidentiality

  • Disputes resolution mechanism

  • Indemnity clause

  • Inseparability clause

FAQ's

Q

A

What Is MOU?
MOU is an obligations based agreement between two or more parties, not legally
binding by nature.

Q

Why is an MOU required?

A

MOU is required to understand the terms & conditions of objective(s) agreed to by
the parties. Additionally, it also helps understand the relationship between the parties
before entering into a potential contract with legal consequences.

Q

Is MOU legally binding upon the parties?

A

NO, MOU isn’t legally binding upon the parties because it doesn’t confer upon any
legal accountability.

Q

A

Can a person sue on MOU?
No, a person cannot sue on the basis of an MOU.
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