Memorandum of Understanding

Package

Drafting of Agreement (Does not includes any registration). Inclusive of government fee & taxes

₹ 11000.00/-

₹ /-

Memorandum of Understanding

What is an MOU?

A memorandum of understanding (MOU) is a written agreement between parties that expresses their intent of a common line of action. An MOU is not legally binding to the parties. It just signifies a mutual decision that the parties decide to carry forward. In order to prepare a complete and effective document (MOU), the parties affected must first reach an understanding acceptable by each party and clear information on the important stances for each of those parties.

WHAT IS THE PROCESS OF DRAFTING A MEMORANDUM OF UNDERSTANDING?

The process of getting a finalized MOU is initiated by the involved parties preparing their own MOU, following their ideal expectations and desired outcomes, the key outcomes they are not willing to compromise on, and what the respective party believes the other stakeholders can expect and benefit from the MOU. It serves as the party’s initial position before the negotiations begin.

Step 1

Select Package

Select packages as per your choice and fill out the forms

Step 2

Comprehensive Agreement

(2-3 working days) We Will draft a comprehensive agreement based upon your selection and requirements.

Step 3

revision of Agreement

(2-3 working days) We Will provide you with a copy of the agreement for you to revise.

Step 4

Redrafting (if required)

(1-2 working days) Ig you still feel that there is something that can be modified, we will promptly add it.

Step 5

Final Submission

(2-3 working days) We Will do the final submission of soft/hard copies to you.

What is the process of drafting a will?
Step 1

Select Package

Select packages as per your choice and fill out the forms

Step 2

Comprehensive Agreement

(2-3 working days) We Will draft a comprehensive agreement based upon your selection and requirements.

Step 3

revision of Agreement

(2-3 working days) We Will provide you with a copy of the agreement for you to revise.

Step 4

Redrafting (if required)

(1-2 working days) Ig you still feel that there is something that can be modified, we will promptly add it.

Step 5

Final Submission

(2-3 working days) We Will do the final submission of soft/hard copies to you.

WHAT ARE THE DOCUMENTS AND INFORMATION REQUIRED TO DRAFT AN MOU?

Documents
  • PAN Card 
  • Adhaar Card
Information
  • Date of agreement : The date of effect
  • Introduction: Overview of the agreement and the parties
  • Purpose of MOU: Subject matter
  • Terms of collaboration: Including the resources details and the cooperative activities.
  • Disclaimer
  • Conditions of alteration or termination
  • Dispute resolution
  • Signatures
  • Any specific details to be included in the agreement

For an MOU to be legally binding, it must follow these conditions:

  • Identification of the parties
  • The MOU must not identify itself as a contract.
  • Intention of creating the MOU with separate sections highlighting the purpose of each party.
  • Consideration against the terms of the MOU.
  • Acceptance from all the parties.

WHAT ARE THE BENEFITS OF AN MOU?

  • Mutual Intention: An MOU allows for the establishment of a mutual intention. It enables each party’s goals and objectives to be clear.
  • Record keeping: The finalization of an MOU allows for having records of the terms that have been in the negotiations leading towards finalization.
  • Less uncertainty: MOUs reduce the levels of uncertainty between the involved parties.
  • Easy Exit: An MOU provides ease of exit, as any party that finds the objectives and goals not being met can easily end the agreement.
  • Future: The document can serve as the foundation for a possible future contract

What is the process of drafting a will?
Step 1

Select Package

Select packages as per your choice and fill out the forms

Step 2

Comprehensive Agreement

(2-3 working days) We Will draft a comprehensive agreement based upon your selection and requirements.

Step 3

revision of Agreement

(2-3 working days) We Will provide you with a copy of the agreement for you to revise.

Step 4

Redrafting (if required)

(1-2 working days) Ig you still feel that there is something that can be modified, we will promptly add it.

Step 5

Final Submission

(2-3 working days) We Will do the final submission of soft/hard copies to you.

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