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MEMORANDUM OF UNDERSTANDING (MOU)

MEMORANDUM OF UNDERSTANDING

It is a non-binding agreement between two or more parties defining the subject matters in the agreement and MOU is the initial stage of the contract. It is clearly identifying the contracting parties and the subject matter of the agreement shall be clearly mentioned in the agreement and the same agreement shall be signed by the contracting parties to the agreement

ADVANTAGES OF MOU:

  • It can be easily ratified and the same can be kept confidential.
  • It can create a legal relationship between the parties to the agreement
  • It can create a long term relationship between the parties
  • It saves time and it helps in providing the framework of the contract and the same terms need to be repeated and negotiated for which are similar to the contract.
  • It covers the entire relationship between the parties to the agreement covering all the aspect that are likely to arise and such an agreement is important if there has to be a long-term agreement executed by the two parties.

5999/-

MEMORANDUM OF ASSOCIATION

  • CREATE YOUR MEMORANDUM OF UNDERSTANDING¬†