Common Contracts
1 similar Mou Agreement contracts
Mou agreement format indiaMou Agreement • June 8th, 2023
This Memorandum of Understanding is for use between two or more Parties that are interested in working together on a particular project. It is intended as a starting point for the Parties, as it enables them to set out the preliminary understanding between one another and can help them to work towards a more formal agreement. This Memorandum can be chosen to be legally binding or non-binding. In the first case, the Memorandum acts as a general agreement between the Parties which covers the broad understanding of the Parties. Often, Parties may sign a Memorandum of Understanding outlining some general agreement, and then will go away and make some further investigations before working out the finer details. If it is chosen to be non-binding, the Parties may not actually be legally obliged to comply with it. This is because in many cases, Parties may not actually be certain about the specific terms which they can agree to, but they still find it beneficial to put something in writing, ou
