Memorandum Of Understanding | Draft | Format India | Meaning

If you are intending to tie up with any entity to do business, then it is advisable to draft a Memorandum Of Understanding (MOU) that shall cover all the promises that parties have agreed upon. Though it does not create any rights and obligation, the Memorandum Of Understanding is legally binding and the document establishes the relationship between the parties very clearly. It is not a contract but an understanding between the parties pertaining to their economic sharing and terms on who is to do what at what time. eStartIndia is an online legal service platform where a team of expert legal professionals from India, offering a variety of legal services relating to all kinds of company documents, legal notices, negotiable instruments, company registrations, intellectual property, tax services, personal and property services. Get a Free Consultation for Memorandum Of Understanding with Our Top Rated Experts with a simple registration. Why Choose eStartIndia For Memorandum Of Understanding? This organization comprises of expert legal professionals, who use their expertise will draft a Memorandum Of Understanding that shall cover all the legal requirements and needs of the parties. The experience and the knowledge that our professionals hold can help you in including clauses in your Memorandum Of Understanding that shall effectively describe the relationship between the parties as well as avoid confusion or difficulties in the future. ADVANTAGES OF MEMORANDUM OF UNDERSTANDING? DESCRIBE RELATIONSHIP: The Memorandum Of Understanding shall contain all the details of parties and the objective of their partnership which will clearly establish the relationship between the parties and thereby avoid any confusion in the future. FASTER NEGOTIATION: As the terms are already set out in the Memorandum Of Understanding, the parties need not be stuck at creating terms every time they enter into an agreement which makes the negotiation process between the parties to be done much faster.If you are intending to tie up with any entity to do business, then it is advisable to draft a Memorandum Of Understanding (MOU) that shall cover all the promises that parties have agreed upon. Though it does not create any rights and obligation, the Memorandum Of Understanding is legally binding and the document establishes the relationship between the parties very clearly. It is not a contract but an understanding between the parties pertaining to their economic sharing and terms on who is to do what at what time. eStartIndia is an online legal service platform where a team of expert legal professionals from India, offering a variety of legal services relating to all kinds of company documents, legal notices, negotiable instruments, company registrations, intellectual property, tax services, personal and property services. Get a Free Consultation for Memorandum Of Understanding with Our Top Rated Experts with a simple registration.